Former Broker Rob Koger Sentenced to 11 Years in Prison
Monday August 25th, 2014 - 11:42AM 0
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NEW YORK—Former hotel broker Robert Koger, president and sole owner of Molinaro Koger, was sentenced last week to 11 years in prison for his involvement with a number of fraudulent schemes, according to published reports.
According to the U.S. Attorney's Office of the Eastern District of Virginia, the schemes, which include a pair that involved Host Hotels & Resorts, resulted in more than $55 million in losses. According to the WashingtonPost.com, Molinaro Koger was ordered to pay $22.7 million to Host in 2012.
Tags: Bob Koger • Host Hotels Resorts • Hospitality • Personnel •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.