Former marina owner indicted on theft charges

Publish date:
Social count:

John Walker, the former owner of Cincinnati's Walker Marina, hoped to make some money by selling half of his marina business to two Kentucky partners.

Instead he siphoned almost $600,000 from the new partnership, prosecutors allege, and his partners won a $3 million judgment against him in 2008. That's also when Walker, 69, vanished, reported.

Last week, Walker was indicted on two counts of unauthorized use of property and six counts of aggravated theft that could send him to prison for 40 years.

He owned Walker Marina, but sold half of it in 2005 to Kentucky businessmen David Hulett and John Thomas Jones, who own a marina on Lake Cumberland. Hulett and Jones let Walker run the business the new partnership created.

Hulett and Jones alleged in a 2006 lawsuit, though, that Walker was pocketing the money the partnership made from selling boats and also was using company funds to pay bills for his other businesses and his personal expenses, according to the report.

They won a $3.7 million judgment in September 2008, but that's when Walker went missing. Hulett and Jones contacted Cincinnati police, who investigated and sent the case to prosecutors.

Walker is accused of stealing $570,000 from the partnership.

Click here for the full article.


Yamaha sponsors Jacksonville show

Yamaha has signed on as the presenting sponsor of the Jacksonville In-Water Boat Show that runs April 13 -15 at Metropolitan Park and Marina in Jacksonville, Fla.

Volvo Penta announces contest

Volvo Penta of the Americas is asking new engine owners to submit stories to its inaugural Boating Dreams contest and will award the winner with a Chevrolet Silverado pickup.

MIASF volunteers collect 32 tons of trash

The Marine Industries Association of South Florida and the Marine Industry Cares Foundation, organizers of the 41st Annual Broward County Waterway Cleanup held on March 3, collected 32 tons of trash from 31 sites around the county.

New Jersey saltwater fishing show opens today

The Progressive Saltwater Fishing Expo opens today, nearly doubling its footprint as it moves from the Garden State Exhibit Center in Somerset, N.J., to the larger, more centrally-located New Jersey Convention and Exposition Center in Edison, N.J.