Radford real estate developer Mark Duran Kinser will spend 15 months in federal prison for theft and fraud.
His financial crimes, a black mark on more than 25 years in business, will put Kinser out of business for a significant period, the judge said. Once released, Kinser, 58, will need a probation officer’s go-ahead to open accounts for business purposes.
His crimes hurt investors in a proposed luxury condo project beside Virginia Tech’s Lane Stadium. One of them, a retired coal executive who serves on Virginia Tech’s board of visitors, testified that he was deceived.
His misdeeds also upset employees of Kinser’s Unlimited Construction Inc., a class A contractor, whose pension reserves were stolen.
