A Waldoboro man has been sentenced to 366 days in the Florida State Prison after pleading guilty to a charge of grand theft over $100,000.
Kevin S. King, 54, pleaded guilty in a Palm Beach County court March 24, according to court documents. The prosecution dismissed a charge of money laundering.
King will receive credit for 144 days served. He must pay $519.05 in court costs and fines.
King relinquished “any and all claims to the gold coins” in the custody of the Jupiter Police Department in Jupiter, Fla. The department will return the coins to the victim, according to court documents.
According to court documents and reports in local media, King stole 490 Krugerrands – a gold coin of South Africa – with a total value of several hundred thousand dollars from an 83-year-old collector in Jupiter, Fla. on Sept. 26, 2014.
Florida police arrested King almost a year later, on July 28, 2015. He made bail the same day.
Sometime thereafter, King returned to Waldoboro, where he owns property at 580 Bremen Road. Local police started investigating King after a pair of incidents in the lobby of a Waldoboro doctor’s office.
Law enforcement eventually seized an AR-15 assault rifle and at least five other firearms; “a large amount” of ammunition; 4 grams of heroin; prescription drugs; approximately $200,000 in Krugerrands; and five 100-ounce silver bars with a value of approximately $10,000 during searches of King’s Waldoboro residence on Nov. 17 and 21, 2015, according to a press release from the Waldoboro Police Department.
Most of the Krugerrands, the silver, and two of the firearms were under a false floor in King’s basement, discovered during the second search with the assistance of a Maine State Police K-9 unit.
King was extradited to Florida in late December or early January.
King still faces charges in Lincoln County – of class C possession of a firearm by a prohibited person, class C receiving stolen property, and class C unlawful possession of scheduled drugs, according to court documents.
His bail conditions in Maine require his return at the conclusion of the Florida case.
The Jupiter Police Department; the Lincoln County Sheriff’s Office; the Maine Drug Enforcement Agency; the Maine State Police; the U.S. Bureau of Alcohol, Tobacco, and Firearms; and the Waldoboro Police Department have all participated in the investigation.
King has an extensive criminal history dating to 1980, with numerous convictions for alcohol, drug, and weapons-related crimes.