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Sirens & Gavels

Fri., April 27, 2012, noon

Con man stole $2.25M from investors

A Spokane con man had such a good sales pitch that he convinced a physician and a lawyer to take part in his get-rich quick schemes. In the end, some 10 investors lost more than $2.25 million they threw at his false promises.

Robert B. Hiatt, 57, pleaded guilty Thursday to eight felony fraud counts and a single count of intimidating a witness after he threatened to kill a whistleblower. Hiatt’s wide-ranging scheme promised huge returns on investments that never existed, Assistant U.S. Attorney Timothy Durkin said.

Read the rest of the story here.




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