NEW YORK—Former hotel broker Robert Koger, president and sole owner of Molinaro Koger, was sentenced last week to 11 years in prison for his involvement with a number of fraudulent schemes, according to published reports.
According to the U.S. Attorney’s Office of the Eastern District of Virginia, the schemes, which include a pair that involved Host Hotels & Resorts, resulted in more than $55 million in losses. According to the WashingtonPost.com, Molinaro Koger was ordered to pay $22.7 million to Host in 2012.