Crime

4 indicted in Lexington for roles in investment company that defrauded customers of millions

Four people have been indicted in a scheme that defrauded investors of more than $3.3 million, Lexington police say.

Police began investigating Kenneth Eugene Thomas, 66, about two months ago because of allegations of theft and fraud against his company Retire America, police spokeswoman Sherelle Roberts said in a news release. Detectives identified 10 victims who had lost a total of more than $3.3 million.

A Fayette County grand jury indicted Thomas on one count of theft of more than $10,000, five counts of theft by failure to make required disposition over $10,000, four counts of theft by failure to make required disposition over $300, and one count of fraudulent practices.

Also indicted were Shannon Kay Hurst, 30; on one count of theft by deception over $300 and one count of registration of securities; and Phillips J. Ash, 36, and Roy Myers, 65, who were each indicted with one count of registration of securities.

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