Philip Rand Lochmiller is a notorious fleecer of elderly investors. In 1985 in North County, he was sentenced to three years behind bars for his role — along with his mother and brother — in the Lochmiller Mortgage scam, which took older people to the cleaners by offering high returns.
Then Lochmiller found his way to Grand Junction, Colorado, where he promised investors — many retired and elderly — profits of 18 percent on real-estate investments. The scheme collapsed and two years ago Lochmiller was sentenced to 405 months in prison (more than 33 years) — essentially a life sentence, because he was then 64 years old. His son, Philip Lochmiller Jr., got eight years. (Note: This makes three generations specializing in scamming the elderly.)
Now, Lochmiller Sr. is asking for a "compassionate" release from prison after serving 26 of 405 months. The Bureau of Prisons "only exercises this authority on behalf of inmates suffering from life-threatening or terminal conditions, or who are severely and permanently mentally or physically debilitated," according to the Grand Junction Sentinel, which is receiving howls of protest from victims.
Philip Rand Lochmiller is a notorious fleecer of elderly investors. In 1985 in North County, he was sentenced to three years behind bars for his role — along with his mother and brother — in the Lochmiller Mortgage scam, which took older people to the cleaners by offering high returns.
Then Lochmiller found his way to Grand Junction, Colorado, where he promised investors — many retired and elderly — profits of 18 percent on real-estate investments. The scheme collapsed and two years ago Lochmiller was sentenced to 405 months in prison (more than 33 years) — essentially a life sentence, because he was then 64 years old. His son, Philip Lochmiller Jr., got eight years. (Note: This makes three generations specializing in scamming the elderly.)
Now, Lochmiller Sr. is asking for a "compassionate" release from prison after serving 26 of 405 months. The Bureau of Prisons "only exercises this authority on behalf of inmates suffering from life-threatening or terminal conditions, or who are severely and permanently mentally or physically debilitated," according to the Grand Junction Sentinel, which is receiving howls of protest from victims.
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