Richmond real estate promoter pleads guilty to mail fraud

Published Feb. 24, 2010 at 9:18 p.m.
A Richmond real estate promoter who cheated 22 private investors out of more than $2 million and three banks out of $252,000 pleaded guilty to mail fraud in federal court today. Robert S. Capehart, 54, is facing up to 20 years in prison and a fine of $250,000 when sentenced May 24 by U.S. District Judge James R. Spencer. The plea agreement calls for him to make full restitution of $2,305,000.


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