Man sentenced after bogus railway stock scheme costs 84-year-old Fort Myers investor $50K

FORT MYERS, Fla. —

A Boca Raton man has been sentenced to prison in Fort Myers after prosecutors said he tricked an 84-year-old victim into investing more than $50,000 in fraudulent securities tied to a railway freight car manufacturing company.

Kevin Therrell, 47, was sentenced to 75 months in prison after pleading guilty in court to organized fraud over $50,000 and seven counts of securities fraud.

He was also ordered to pay $53,500 in restitution to the victim.

Prosecutors said Therrell gave fraudulent stock certificates and account statements to convince the victim to invest in the company.

He used the victim's money to fund his personal lifestyle. Therrell was arrested in 2024.

The State Attorney's Office said Therrell gave up his right to a jury trial and entered a plea directly to the court for sentencing rather than under a plea agreement.

He will also serve 10 years of probation after his prison sentence and must pay restitution to the victim.

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