Former Broker Rob Koger Sentenced to 11 Years in Prison
Monday August 25th, 2014 - 11:42AM 0
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.