Sunday, November 21, 2010  The Denver Post

http://www.gjfreepress.com/article/20101121/COMMUNITY_NEWS/101129999/1001&parentprofile=1059

DENVER, Colo. — A Grand Junction man accused of running a $30 million real-estate scam with his father has pleaded guilty to money laundering and conspiracy to commit securities and mail fraud.

Philip R. Lochmiller Jr. made his plea during a hearing Tuesday in U.S. District Court in Denver. He is free on a $100,000 unsecured bond. A sentencing date hasn't yet been set.

The U.S. attorney's office indicted Lochmiller; his father, Philip R. Lochmiller Sr.; and Shawnee N. Carver, an employee of their company, Valley Investments, on 33 criminal counts last December. Lochmiller Sr. is awaiting trial; Carver is expected to enter a guilty plea today.