Leber, of Glasgow, is charged in a one-count indictment for devising a scheme to defraud and obtain money and property from clients of the defendant’s financial advisement business, Intrepid Financial Strategies Inc.
According to the indictment, between August 2007 and January 2011, Leber would allegedly promise to invest clients’ money in bonds and tax lien certificates paying returns between 4 and 6%; reinvest clients’ IRA accounts in to qualified "rollover" investment accounts paying higher rates of return and would not result in fees or cause tax liabilities; and invest client money in stocks, bonds, annuities, and a Styrofoam recycling business.
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The indictment states that Leber never intended to make those investments and instead expended these monies for his personal benefit and for the benefit and gain of a personal business venture — Cedar Ridge Shooting Ride Academy — that Leber formed, owned, and operated.
Leber was previously indicted in Bullitt Circuit Court on three felony counts of forgery and received a probated sentence after entering a guilty plea on all counts. He is currently awaiting sentencing in Jefferson Circuit Court after pleading guilty to fraud charges.
If convicted of the federal charge, Leber faces no more than 20 years in prison, a fine of $500,000, and a three year term of supervised release. The indictment of a person by a Grand Jury is an accusation only, and that person is presumed innocent until and unless proven guilty.
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