Spokane developer Gregory Jeffreys indicted

January 31, 2013 @ 5:37 am

SPOKANE, Wash. (AP) - A federal indictment against Spokane developer Gregory D. Jeffreys was unsealed Wednesday, accusing him of a Ponzi scheme in which he secured financing for buildings that sometimes didn't exist.

The Spokesman-Review reports ( http://bit.ly/11lrmP5) the indictment also charges his wife, Kimberly Jeffreys, and Shannon Stiltner, who is described in court records as his girlfriend.

All three pleaded not guilty. A federal magistrate ordered all three held in the Spokane County Jail on $150,000 bail.

Gregory Jeffreys was arrested Tuesday at Spokane International Airport as he was preparing for a business trip. Paperwork in the investigation was seized in a July 2011 raid on the Jeffreys' Spokane Valley home.

___

Information from: The Spokesman-Review, http://www.spokesman.com


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Local News
Top Stories

  • Miracle
    Seattle native is only person ever cured of HIV and returns home to boost the cure

  • Back In Business
    A temporary bridge span across the Skagit River is set to open Wednesday

  • High Altitude Upgrade
    The state's highest outhouse atop Mount Rainier is getting a badly needed upgrade
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments