Robert Gomez, 36, who headed a Glendora real estate investment company that allegedly bilked 19 investors of $500,000, will be sentenced Aug. 16 after pleading no contest this week in Los Angeles Superior Court to six of the 56 counts against him.
Gomez, who formerly lived in Upland and now lives in Salt Lake City, could face up to eight years and eight months in prison. He entered the no-contest pleas to four counts of grand theft, one count of writing checks without sufficient funds and one count of selling securities without a permit. The other 50 counts were dismissed.
Deputy Dist. Atty. Judy Gray said Gomez has indicated that he intends to return "a substantial amount of money" to investors before sentencing. Gray said that during 1981 and 1982 Gomez solicited investors to help his company buy properties to be fixed up and sold at a profit. Investors were given deeds to hold temporarily. But, Gray said, the deeds turned out to be worthless, the profits never materialized, and investors could not get their money back. Paul Curtis, 35, and Roy Baumgart, 46, who allegedly worked for Gomez as salesmen, are awaiting trial on charges of grand theft, selling securities without a permit and misrepresenting securities.