Paul E. Gonya, 65, David Bartlett Waitley, 46, and Kenneth James Stroud, 53, all of Alpine, California, each pleaded guilty to three counts of grand theft in connection with allegations that they embezzled some $1.7 million in investor funds from Real Estate International, Inc., a development company they operated out of Alpine, California. A fourth conspirator, Marie Montibon Frever, 40, now of Hawaii and a former employee, previously plead guilty to one count of grand theft. Frever's felony charge will be reduced to a misdemeanor if she pays restitution of $25,000 within a year. The other three will avoid a five year sentence if they each pay $100,000 restitution within a year. Gonya and Waitley both previously served as members of the Alpine Planning Group responsible for zoning and development issues in the municipality. According to the original complaint, Gonya, Waitley, Stroud and Frever used investment funds from a partnership in Stagecoach Development, a project of 52 custom homes in Alpine, to pay for personal expenses and houses they were building elsewhere.
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