Man sentenced to nearly four years, ordered to repay $7.8M tied to failed KC-area hotel projects
By Nick Sloan
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KANSAS CITY, Kan. (KMBC) — A man who admitted defrauding developers behind two major Kansas City-area hotel projects was sentenced Tuesday to 46 months in federal prison and ordered to pay more than $7.8 million in restitution.
U.S. District Judge Daniel Crabtree sentenced David Ingram, 73, for wire fraud.
His prison term will run consecutively to a sentence he is already serving in Florida.
He was allowed to voluntarily surrender and will complete three years of supervised release.
According to court records, Ingram falsely claimed he could secure multimillion-dollar loans for two stalled hotel developments, a proposed Hard Rock Hotel in Edwardsville and a Hyatt House at 9th and Broadway in Kansas City, Missouri.
Developers paid him deposits totaling more than $3.9 million, which prosecutors say he wired to foreign accounts or kept despite never delivering financing.
Ingram pleaded guilty in August.
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