Ralph Glen Hines

Ralph Glen Hines, who claims to have been a business partner of suspected con man Keem Kalfon, has been sentenced to eight years and four months in prison for perpetrating an investment fraud.Hines, 50, of Raleigh, North Carolina, was sentenced on December 17, 2002 at the U. S. District Court for the Eastern District of North Carolina after previously pleading guilty to two counts of fraud.

Suspected investment fraudster Ralph Glen Hines was criminally indicted at the United States District Court for the Eastern District of North Carolina on June 6, 2002,Hines, who has multiple prior criminal convictions, was indicted on ten counts relating to an allegedly fraudulent scheme operated from November, 2000 to January, 2002. Hines is alleged to have defrauded $1.158 million from parties who are not named in the indictment, using his account at Central Carolina Bank and Trust, in Raleigh, North Carolina to handle funds.

Nine days after our article last month exposing a fraudulent offshore investment scheme linked with Keem Kalfon, one of the alleged participants was arrested in the United States. Ralph Glen Hines, 49, was arrested on February 9 and is currently in custody in his home state of North Carolina after failing to meet his $5 million bail requirement.