DAVENPORT, Iowa (AP) — A Davenport commercial real estate agent could face two years of prison for his role in stealing more than $1 million from his clients.
Charles Arthur Ruhl Jr. pleaded guilty in September to federal charges of wire fraud and money laundering. The Quad-City Times reports (http://bit.ly/1ajzPHw ) a federal government recommendation filed Friday seeks a two-year prison sentence.
The 59-year-old Ruhl owned and operated Ruhl & Ruhl Commercial. It oversaw the operations of several businesses, including the payment of property taxes and documenting cash flow and tax escrow balances.
Prosecutors say Ruhl illegally withdrew funds from accounts he managed and used them for company and personal expenses.
Information from: Quad-City Times, http://www.qctimes.com