Phillip A. Kenner—Wire Fraud and Money Laundering Conspiracy
Phillip A. Kenner Allegedly Engaged in Wire Fraud and Money Laundering, Targeting Former Hockey Players and Putting $20 Million into Real Estate
Phillip A. Kenner, of Scottsdale, Arizona, allegedly engaged in counts of wire fraud, wire fraud conspiracy and money laundering conspiracy, in an alleged multimillion dollar fraud scheme that purportedly targeted several current and former professional hockey players, according to a statement from the U.S. Attorney’s office.
Phillip A. Kenner, and his associate Tommy C. Constantine, and founder of the Playboy Racing Team, invested more than 20 million of their clients’ money into real estate projects, including developments in Hawaii, a start-up credit card business and other ventured under their control, according to said statement.
Kenner was introduced to several professional players in the 1990s through a friend from his former college team, and his clients included former New York Islanders forward Michael Peca and other NHL players, such as Bryan Berard, Darryl Sydor, Bill Ranford and Sergei Gonchar, according to a statement from the U.S. Attorney’s office.
Phillip A. Kenner Convicted of Fraud, Allegedly Took $10 Million from Established Lines of Customers’ Credit
A New York jury recently convicted Phillip A. Kenner and Tommy C. Constantine of wire fraud and money laundering after they allegedly persuaded clients to establish lines of credit from which Mr. Kenner purportedly took $10 million, according to the indictment.
The indictment goes on to allege that, between August 2002 and April 2013, Kenner and Constantine allegedly influenced their clients to invest money in real estate projects, small privately held companies and a legal defense fund before siphoning the funds to their own bank accounts for their personal use, court documents report.
The Peiffer Rosca Wolf Investor Rights Lawyers Working to Help Investors
The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged fraud and money laundering schemes. 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 alleged fraud and money laundering schemes may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.