Kelly Gearhart, Developer
Atascadero land developer Kelly Gearhart and onetime Atascadero “Person of the Year” awaits trial.
In August 2012, Gearhart pleaded not guilty to 16 charges of mail fraud, wire fraud and money laundering at a federal court in Los Angeles. He faces up to 300 years in federal prison if convicted on all charges.
Gearhart and the former president of Hurst Financial, James Miller, have been accused of helping to defraud more than 1,200 investors of more than $100 million in an alleged Ponzi scheme. Miller and Gearhart bilked investors who put money into Central Coast real estate projects and then siphoned off the monies for other purposes, including maintaining lavish lifestyles, federal authorities alleged.
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PDFCORRECTION
In an April 29 story about Paso Robles’ Vista del Hombre project, UncoveredSLO.com reported incorrectly that “Hurst has not foreclosed on Vista del Hombre, despite its contractual promise to protect investors if developers are delinquent on their agreements for at the most 180 days. That delinquency now approaches eight months.” In fact, Gearhart has not paid interest on the project... (Continue Reading)
COMMENTARY: Gearhart’s museum offer mystifying
By DANIEL BLACKBURN and KAREN VELIE Generosity occurs for very few reasons. Kelly Gearhart, a North County property developer known for his altruism, has donated space to the Atascadero Historical Society for its museum. Gearhart wants to let the society house its treasured collection of community memorabilia in The Printery. Eventually. Maybe. If, that is, the building ever gets back in the game, structurally... (Continue Reading)
A timeline for every agenda
Atascadero City Manager Wade McKinney will tell the city council Tuesday that federal reconstruction funds for the city’s youth center were acquired through appropriate means. ... (Continue Reading)
