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Va. man pleads guilty to wire fraud charges

By WTOP Staff

NORFOLK, Va. (AP) — A Williamsburg man is facing federal prison time after pleading guilty to wire fraud and money laundering charges.

Federal prosecutors say 56-year-old Stephen Kohout pleaded guilty this week in U.S. District Court in Norfolk.

According to a statement of facts filed with his plea agreement, Kohout had been given power of attorney by his parents in 2003 and used their money to make investments. He then spent money belonging to his parents for personal living expenses, credit card bills and dining and entertainment.

Kohout faces up to 40 years in prison and $750,000 in fines for the charges when he’s sentenced July 10.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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