James Hurst Miller’s sentencing delayed, again

June 20, 2012

Kelly Gearhart and James Miller

An Atascadero lender facing up to 80 years in federal prison will have a few more months of freedom after a judge delayed his sentencing for a second time.

James Hurst Miller, the former president of Hurst Financial Inc., agreed to plead guilty to charges of swindling as many as 1,200 investors out of more than $100 million in a fraudulent investment scheme on August 19, in an agreement filed under seal.

However, they did not take Miller into custody.

U.S. District Judge Otis D. Wright delayed Miller’s first sentencing from March 26  to June 25. Currently, Miller is scheduled to be sentenced in U.S. District Court in Los Angeles on Oct. 29.

A 2008 CalCoastNews investigation revealed James Hurst Miller and former North County developer Kelly Gearhart allegedly bilked more than 1,200 people, primarily senior investors, out of much of their life’s savings.

If the court convicted Miller on all four counts in his original information — mail fraud, wire fraud, money laundering and making a false statement to a bank — he would face a maximum sentence of 80 years in federal prison.

Under an alleged plea agreement discussion discovered by CalCoastNews in April, Miller had agreed to testify against other persons being investigated by the FBI. In return, Miller was requesting prosecutors reduce the four counts to one and allow him to serve a reduced prison sentence in the minimum-security federal correction facility located in Lompoc Calif.

During a hearing in September, Miller relinquished his passport and secured his release through a $25,000 bond.


8 Comments

  1. Paso_Guy says:

    In other news, Rod Jarmin of RPL fame is scheduled for trial ion Sept….stay tuned

    (9) 13 Total Votes - 11 up - 2 down
  2. cheseburger says:

    They bought the system and everybody knows it ,,, what arrest? This is another, “oh it wasn’t me who ratted them all out, and er, I want my tennis shorts”. And like, oh crap, I’ve indicted myself already!

    Hope you suffer old chap.

    Probably, Robert M Jones’es siganature is all over this crap.

    Crappy bullsh*t crap, hope they all rot on jail, and er, this just in, does Kelly Gearhart have that lung cancer crap?

    (15) 21 Total Votes - 18 up - 3 down
  3. cheseburger says:

    “””””If the court convicted Miller on all four counts in his original information — mail fraud, wire fraud, money laundering and making a false statement to a bank — he would face a maximum sentence of 80 years in federal prison.”””””””””

    I wish!

    (21) 23 Total Votes - 22 up - 1 down
  4. Jorge Estrada says:

    Some of the investors may have died by now and swift justice continues, what happened to hanging horse thieves? The growth markets should be referenced to neck stretching index.

    (35) 37 Total Votes - 36 up - 1 down
    • Nancimeek says:

      That may be Jorge that some of the investors since the majority were seniors, have passed away. However their families and heirs will be entitled to the money recovered. That is what keeps me going with our litigation and investigations regarding Grigger Jones. I may not see anything however my daughter and grandaughter will. That is if the FBI and IRS don’t drop the ball. Check out our recent web site for a vcomplete breakdown on what Jones did to us. We mention Kelly Gearhart Chris Molina, and Dan Phillips since they were involved with the Pe Ji Ho Ta casino. Let me know what you think Thanks

      http://imokproductions.com/home

      (7) 11 Total Votes - 9 up - 2 down
  5. BeenThereDoneThat says:

    I remember that one of the last times it got delayed, Jay was whining like a little bitch about what type (how hard) of time he wanted to serve. Jay has yet to serve anytime, yet his investors he screwed have been serving time in proverbial hell since 08 and some may till they day they die!!

    Jay man up, what little man there is and do your punishment!!

    (46) 76 Total Votes - 61 up - 15 down
    • BeenThereDoneThat says:

      Thanks for the down arrow Kelly. Good to know you still read the boards here.

      (43) 51 Total Votes - 47 up - 4 down

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