Local News

Fraudulent estate planner gets 25 years in prison

Posted February 28, 2011

Two men who ran a fraudulent investment business in Hendersonville were sentenced Monday to federal prison.

Bryan Keith Noel, 41, of Hendersonville, and Alexander Klosek, 33, of Etowah, called their company Certified Estate Planners, Inc.

Noel started the business in 1999 to solicit investors and offer estate planning services geared toward retirees. He was found guilty in March 2010 of two counts of making a false oath in connection with a bankruptcy proceeding along with 25 separate counts of mail fraud and a single count of conspiracy to commit mail fraud. In addition to a 25-year prison sentence, Noel was ordered to pay approximately $11 million in restitution.

Klosek pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud and was sentenced to 7 years and three months in prison and was ordered to pay $10.5 million in restitution. 

According to court documents, the men diverted several million dollars in investor assets to a start-up lumber composite company and lied about it on quarterly statements.

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  • HonestAbe Mar 1, 2011

    When faced with stealing someone's money or going out drunk and killing an innocent woman, we can all see now which is the way to go.

    Kill someone receive a hand slap.
    Steall someone's money? Oh boy--now that's the end of the world--and they will take your life for that one.

  • Sunshine25 Mar 1, 2011

    So fraudulent business scheme = 25 years in prison however a taking a life is only worth 3-5 years. I see now.... something is very very wrong here.

  • mayhem Mar 1, 2011

    Instead, they should have gotten very drunk and sped down Strickland Rd. at 75-100 mph at night, run a stop light, smashed into another vehicle and killed someone. Then they only would have gotten 38-53 months.

  • lisa4 Mar 1, 2011

    OMG - these two got more prison time than the doctor who killed the ballerina.

  • Mark G Mar 1, 2011

    Wow. These money crooks get 25 years for taking money while the Raleigh "doctor" gets three or four years for taking a life. What's wrong with this picture?

  • Just Once Mar 1, 2011

    See ya! Wouldn't wanna BE YA!!

  • dadsgoose98 Mar 1, 2011

    I wish they had gotten away with it.Criminals are not getting a fair shake these days.All law enforcement wants to do is arrest the bad guy.Also to denaapooh04,,,,I cant believe you actually wasted your time to type such a simple minded word as terrible.did you not have a soccer game to take your kids to?

  • djcgriffin Mar 1, 2011

    Terrible

  • dewpac1 Feb 28, 2011

    Good, they're where they belong. Now they will become victims.