The Oskaloosa man accused of ripping off five hundred real estate investors pled guilty today to fraud and money laundering charges. Fifty-two-year-old Scott Hinkley, Junior, fled the country in July. In October, Hinkley was caught in the Caribbean on a yacht he bought. That yacht will be sold to help pay back investors who were bilked by Hinkley, who is a former Quaker minister. Hinkley will be sentenced May 11th and could face up to six-and-a-half years in prison. Lawyers for the bilked investors have dug up about two million dollars from various Hinkley accounts and are still looking for more. Hinkley’s sentence depends, in part, on how much of the stolen money is repaid.
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