Kristi B. McKinlay
ORANGE COUNTY DISTRICT ATTORNEY PRESS RELEASE
Case # 15CF2773
Date: December 22, 2015
*Video released to warn against affinity fraud schemes
SANTA ANA, Calif. – A businessman and his wife, who has a certified public accountant license, will be arraigned tomorrow on charges of defrauding investors and stealing more than $3 million in an affinity scheme. Steven Andrew McKinlay, 58, and Kristi B. McKinlay (licensed as Kindred), 56, both of Coto de Caza, are charged with 10 felony counts of using untrue statements in the purchase or sale of a security, one felony count of grand theft, and one felony count for the use of a device in a scheme to defraud, with sentencing enhancement allegations for loss over $100,000, aggravated white collar crime over $500,000, causing property damage with loss over $1.3 million. If convicted, the defendants face a maximum sentence of 23 years and eight months in state prison. The McKinlays are in custody on $3 million bail and must prove the money is from a legal and legitimate source before posting bond. They are scheduled for a continued arraignment tomorrow, Wednesday, Dec. 23, 2015, at 10:00 a.m. in Department CJ-1, Central Jail, Santa Ana. Continue reading
