Robinson said on loan documents that the money would be “short-term working capital’’ for his business, Megaladon Development Inc. in Miami, for a development project in Jamaica, according to yesterday’s statement.
Instead, prosecutors said, Robinson and his girlfriend, Stephenie Hodge, spent the money on a condominium with plasma televisions and high-end furniture.
Authorities said Hodge was listed as the Megaladon marketing director, though she actually worked in an exotic dance club. Phone numbers listed for Hodge and Robinson in Florida have been disconnected. Robinson’s attorney, J. Keith Rigg of Des Moines, could not be reached for comment.
By November 2005, Klinefeldt’s office said, Robinson had obtained more than $700,000 in loans from the bank but had not made a single repayment. Prosecutors said Robinson spent the money on more personal items, including $44,000 to buy or lease 10 vehicles, a $3,000 tab at a strip club, and a dog that cost $1,000.
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