Linda Kennedy due back in court

August 7, 2014
Linda Kennedy

Linda Kennedy

Former Paso Robles lender Linda Ann Kennedy is due back in court on Sept. 9 to determine the amount of restitution she will be ordered to pay back to her victims.

Kennedy, 51, swindled more than 1,000 investors out of millions in a lending scheme involving hard money. In August 2007, when she closed the firm, the company held a $100 million real estate portfolio.

In 2009, Kennedy fled for Costa Rico where she stayed for two years before returning to the United States.

Last December, Superior Court Judge Barry T. LaBarbera sentenced Kennedy to a five-year stint in the San Luis Obispo County Jail. He also required Kennedy to pay full restitution to all victims in the case.

In June, the court appointed new council to represent Kennedy in the determination of restitution. If no agreement is reached about the amount she will be ordered to repay her victims before her Sept. 9 court date, a restitution hearing is scheduled to be set for Nov. 18.


6 Comments

  1. Ishmael09p says:

    Where, precisely, is Costa Rico?

    Like or Dislike: Thumb up 6 Thumb down 3

  2. Extremely Stoic says:

    How about some play on the Real Property Delay? Those folks will be dead before it goes to trail

    Like or Dislike: Thumb up 5 Thumb down 0

  3. willieslo says:

    She looks honest
    Has a respectable last name
    Reminds me of car salesmans

    Like or Dislike: Thumb up 2 Thumb down 0

  4. tomsquawk says:

    i’m sure the restitution will appear out of nowhere

    Like or Dislike: Thumb up 11 Thumb down 0

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