REAL ESTATE DEVELOPER SENTENCED - 12/06/12 10:38 S.S.
A FORMER CARMEL REAL ESTATE DEVELOPER HAS BEEN SENTENCED FOR COMMITTING WIRE FRAUD AND MONEY LAUNDERING. 66 YEAR-OLD THOMAS JOSEPH O’MEARA THE THIRD PLEADED GUILTY TO CARRYING OUT A 16 MILLION DOLLAR INVESTMENT FRAUD SCHEME (BASED ON A FAILED PROJECT THAT INVOLVED 50+ VICTIMS, AND AN 18-HOLE GOLF COURSE AND GATED HOUSING DEVELOPMENT). O’MEARA WAS SENTENCED TO SPEND MORE THAN 6 YEARS IN A FEDERAL PRISON, AND THEN A 3 YEAR PERIOD OF SUPERVISED RELEASE.
A RESTITUTION HEARING IS SLATED FOR FEBRUARY 6TH.
