Robert Buckhannon

Quick summary on Robert Buckhannon

Robert Buckhannon, a Las Vegas resident, has been implicated in multiple fraudulent schemes, leading to significant legal repercussions and financial restitution orders.

Mortgage Fraud Scheme Involving On Deck Sports Bar & Grill: In July 2019, Buckhannon pleaded guilty to conspiracy to commit wire fraud in a federal court in Grand Rapids, Michigan. He admitted to submitting falsified lease agreements and rent checks, indicating $42,000 in annual rental income, to secure a $456,000 loan for the On Deck Sports Bar & Grill in Battle Creek. In reality, the property had no tenants beyond the restaurant itself. As a result, Buckhannon was sentenced to 24 months in federal prison, ordered to pay $467,213.98 in restitution, and will undergo two years of supervised release post-incarceration.

Prior Conviction Related to Vestium Equity Fund: Before the Michigan case, Buckhannon faced legal challenges in Nevada concerning the Vestium Equity Fund. He was convicted of conspiracy to commit wire fraud, resulting in an order to pay $239,686.19 in restitution and a three-year probation sentence. This conviction underscored a pattern of fraudulent financial activities.

Allegations of Disability Fraud: In a separate civil case, Buckhannon was accused of falsifying disability claims. An investigator alleged that he was not disabled, had filed fraudulent tax returns, accepted kickbacks, and committed billing fraud in his practice. These allegations led to the suspension of his disability payments pending further investigation.

Involvement in Hedge Fund Fraud: Buckhannon, along with an associate, was charged with conspiracy to commit wire fraud and wire fraud related to the misappropriation of funds from two hedge funds. The indictment alleged that they diverted investor funds for personal use, including funding other business ventures and personal expenses. This case highlighted Buckhannon’s repeated engagement in fraudulent financial schemes.

Legal and Financial Repercussions: Buckhannon’s fraudulent activities have led to multiple legal actions, including federal prison sentences, probation, and substantial restitution orders. His actions have adversely affected numerous victims, including financial institutions and individual investors, resulting in significant financial losses and legal entanglements.

In summary, Robert Buckhannon’s history of engaging in fraudulent schemes across various sectors has resulted in severe legal consequences and financial liabilities. His pattern of deceit underscores the importance of stringent regulatory oversight and the prosecution of financial misconduct to protect potential victims from similar fraudulent activities.