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Pleasanton man formally charged for role in Ponzi scheme

Original post made on Oct 28, 2009

A Pleasanton man has been formally charged for his role in what investigators describe as a "massive investment fraud scheme that caused losses of more than $40 million to approximately 150 investors."

Read the full story here Web Link posted Wednesday, October 28, 2009, 12:19 PM

Comments (13)

Posted by Sal, a resident of Del Prado
on Oct 28, 2009 at 2:12 pm

Love the photo. I wonder if he wore that American flag tie while taking $40 million from approximately 150 investors. Glad to see he had the patriotic spirit while stealing peoples' hard earned money.

Posted by Norris, a resident of Downtown
on Oct 28, 2009 at 2:26 pm

I guess Kenneth Kenitzer needed all that money to fund Mitt Romney and the GOP.

Web Link

Posted by Cholo, a resident of Livermore
on Oct 28, 2009 at 4:48 pm

commit the crime do the time...BUSTED!

Posted by no church for me, a resident of Another Pleasanton neighborhood
on Oct 29, 2009 at 8:48 am

How can these guys recruit from their CHURCH! What about the deal about "greed" not being a good characteristic? Must be a very spiritual dude. Well, maybe not then, but I bet he's praying now...
Ironic eh?

Posted by Gary Schwaegerle, a resident of Downtown
on Oct 29, 2009 at 9:39 am

Gary Schwaegerle is a registered user.

ooooh Norris low blow - nothing like Fleecing the Flock & the feeling of being screwed in the Name of the Lord - Try not to hold it against the rest of the good people - Sorry for being so crude Gary Schwaegerle

Posted by Cholo, a resident of Livermore
on Oct 29, 2009 at 10:13 am

it's ok to be crude when you're talking about the devil...

Posted by Daniel, a resident of Danville
on Oct 29, 2009 at 6:43 pm

It's quite have good and bad in all entities, even church going people. All though I don't practice going to any church and follow any type of religion whatsoever, not going to "judge anyone," including those types of folks.

Most important, glad the greedy bastard got busted!!!

Posted by Jess, a resident of another community
on Oct 30, 2009 at 3:10 pm

Ken even had the audacity to steal money from his own family members. He then repeatedly lied about being broke! He stole money from his own mother and only sibling, what a great guy. As far back as his early 20's he has always been excessively greedy.

Posted by Cholo, a resident of Livermore
on Oct 31, 2009 at 6:22 pm

What's he gonna do when he wants to go shopping and he's stuck in the SLAMMER?Hmmmmmmmmmmmmmmm...

Posted by Lisa, a resident of Another Pleasanton neighborhood
on Nov 1, 2009 at 8:15 pm

...let him without sin cast the first stone.

Posted by Mandy, a resident of Another Pleasanton neighborhood
on Nov 6, 2009 at 9:00 am

I second Lisa's comment. It is not our place to judge!

Posted by Cliff, a resident of another community
on Nov 25, 2009 at 4:00 pm

That's a lot of judging without knowing the facts, folks. A guilty plea does not always mean guilty. Sometimes it means that the law is being so unreasonable, that it is better for the welfare of family to cooperate in a plea bargain. Do I know the facts? No. Do you guys know the facts? No. Do I know Ken Kennitzer? Yes, and I would trust him any day. Do you know Ken Kennitzer? I don't know.

Posted by SR, a resident of Downtown
on May 23, 2010 at 12:40 am

I know Ken K 's Son one of the nicest guy's in thw world but also very obvious that his dad is (Word removed by Pleasanton Weekly Online staff)
.Ofcourse I in no way should judge I'm just sharing my own opinion.How sad that these meat heads use the church or one that trust's to take advantage.At the least it gives one an opportunity for the growth that is needed.

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