“In one scheme, Koger had been hired by Host, the country’s largest hotel owner, to sell two properties. Instead of selling to the highest bidders,
Koger allegedly sold the properties to straw buyers, who then immediately resold them to the interested buyers for a profit. Koger allegedly orchestrated a similar deal in which a straw buyer purchased promissory notes backing European hotels that Host was interested in and then resold them to Host at a higher price, pocketing the difference.”
Former hotel broker Robert T. Koger was sentenced Tuesday to 11 years in prison for orchestrating a series of fraudulent schemes resulting in more than $55 million in losses, according to the U.S. Attorney’s Office of the Eastern District of Virginia.
Koger, 48, served as president and sole owner of Molinaro Koger, a hotel real estate brokerage firm in Vienna. According to court records, charges against the 48-year-old were tied to various schemes, including a pair that cost Host Hotels & Resorts more than $22 million.
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