A Huntington Woods attorney was sentenced to three years in prison for cheating investors out of millions of dollars.(Photo: Susan Tompor)
A Huntington Woods attorney was sentenced to three years in prison Tuesday for cheating investors out of millions of dollars by pretending he was investing their money in medical marijuana when he was really blowing it on gambling.
The lawyer was hoping to get probation. Prosecutors had pushed for a 41-month sentence.
In the end, U.S. District Judge David Lawson concluded Robert Gross, 49, deserved 36 months for his crime, for which he will also pay $3.6 million in restitution to his victims under the terms of his plea deal. In December, Gross pleaded guilty to fraud in U.S. District Court, admitting he ran a years-long scheme that duped numerous investors, including several of his law practice clients.
“Bob is remorseful for the actions that put him in this place. He’s going to do everything he can to make sure that all victims are made whole,” Gross’s lawyer, Todd Flood, told the Free Press on Tuesday. “He respects the court’s decision in sentencing him underneath the guidelines, but yet imposing a prison term on him for the next 36 months.”
According to court records, Gross convinced people to give him money for investments, claiming the funds would be used for a medical marijuana business and equipment lien repayment. Instead, prosecutors said, Gross used the money to pay down gambling markers and obtain new gambling credit at a casino in Las Vegas.
Gross also created fake documents as part of the scheme, including falsely notarized documents and a false net worth statement that he understood would be used in an attempt