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.


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Ishmael09p

Where, precisely, is Costa Rico?


Extremely Stoic

If you stayed awake in school, you would know :)


Extremely Stoic

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


willieslo

She looks honest

Has a respectable last name

Reminds me of car salesmans


Pelican1
tomsquawk

i’m sure the restitution will appear out of nowhere