Denver Contractor Sentenced for $3 Million Fraud

Kyle Arienta, a 40-year-old contractor, has been sentenced to 23 years in prison after pleading guilty to multiple charges including securities fraud, theft, and burglary, amounting to over $3 million stolen from victims in Denver. He was found guilty of defrauding three families by abandoning construction projects after minimal work, stealing approximately $1.1 million, and convincing acquaintances to invest in non-existent projects, leading to an additional $1.7 million theft. The Denver District Attorney's Office described him as a 'prolific thief' who exploited the trust of friends and clients. In addition to his prison sentence, Arienta is required to pay $3.3 million in restitution to his victims. The case has been highlighted as a significant example of organized crime in the local construction industry. Authorities expressed satisfaction with the outcome, emphasizing community safety and accountability.