Brother of former Whittier police chief Brad Hoover pleads guilty in Arizona ... - The Whittier Daily News
The brother of former Whittier Police Chief Brad Hoover has pleaded guilty in Phoenix to various counts of fraud involving an elaborate scheme to finance a lavish lifestyle by raising $20 million from more than 500 investors and then filing a fake... Many of those who gave John Keith Hoover money were widows in Southern California and Arizona, according to Hoover’s plea agreement with the U. S. Attorney’s Office in Arizona. Hoover faces a sentence of more than 12 years and may have to pay restitution of $30 million. In addition, Hoover’s wife, Deborah, pleaded guilty Tuesday to one count of bankruptcy fraud and faces two years in federal prison, while their son, John Brandon Hoover, pleaded guilty to the same count but faces only an 18-month deferred... a 2006 Bentley Flying Spur automobile purchased for more than $150,000. other luxury automobiles, artwork, jewelry, home furnishings, an expensive wedding and salary for his son, schooling for his daughter in France, high-end hotel rooms for... The Hoovers created 20 companies since 1997 as part of their effort, according to the indictment filed by the U. S. Attorney’s Office. Once they had exhausted the money from the investors, they filed for bankruptcy in 2011 but didn’t disclose many of their assets, including jewelry worth more than $100,000, said John Keith Hoover in his plea agreement. Source: www.whittierdailynews.com
