Mohave Valley Hoovers Allegedly Accused of 77 Crimes: Facing Fraud Charges Concerning Scheme Designed to Defraud Over 460 Investors

california investment fraud lawyersJohn Keith Hoover, a Mohave Valley, Arizona real estate developer, and two of his family members, his wife, Deborah Boyce Hoover, and their son, John Brandon Hoover, reportedly received an indictment charging the family with a total of 77 crimes.  Official investigators allegedly claim that it was a calculated, concerted effort to defraud not only investors but financial institutions, creditors and the federal government of potentially millions of dollars. A new indictment, returned by a grand jury in Phoenix’s U.S. District Court, allegedly accuses the Hoover clan with crimes including wire fraud, bank fraud, providing false testimony, hiding assets in a personal bankruptcy proceeding, and money laundering.

Hoovers Were Involved in Several Real Estate Development and Management Businesses

The Hoovers were reportedly embroiled in a number of real estate development and management businesses in and around Mohave Valley, including Hoover Quality Homes Inc., El Rio Country Club, El Rio Professional Plaza, Mariposa Phases 1-8, Hoover Brothers Rentals and Rio, in addition to a number of investment groups and holding companies formed to finance the real estate projects. Said companies have all allegedly been identified in a list of 27 “relevant entities” formed, owned, managed or funded by the Hoovers.

At Least Six Victims Identified

The redacted indictment reportedly lists at least half a dozen victims, identified as investors or equity partners in the real estate developments. It is true that the indictment identifies the victims only by initials, but one of them, Joanne Lopez, formerly claimed that she invested $600,000 with the Hoovers in 2005, and was unable to recover her money. Other victims, according to the indictment, also made substantial investments and from time to time were charged management fees for funds that had been diverted from one project to another without their knowledge or consent. Many investors allegedly ended up in foreclosure after the Hoovers defaulted on several financial obligations.

Investment Fraud Lawyers Investigating

The Peiffer Rosca Wolf securities attorneys often represent investors who lose money as a result of investment fraud. Investors who were referred to the Hoovers by an investment professional are encouraged to call Peiffer Rosca Wolf.  They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of the Hoovers alleged misconduct may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1238 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.