Erik Osborn gets another ten years in community corrections

Erik Osborn has been convicted twice of felony theft -- but the developer won't be going to the Big House. Yesterday, Denver District Judge Robert McGahey sentenced Osborn to ten years of community corrections for diverting investor funds meant for 1800 Glenarm Place. Those ten years will follow the ten...

By Patricia Calhoun

May 28, 2010

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Erik Osborn has been convicted twice of felony theft -- but the developer won't be going to the Big House. Yesterday, Denver District Judge Robert McGahey sentenced Osborn to ten years of community corrections for diverting investor funds meant for 1800 Glenarm Place. Those ten years will follow the ten years in community corrections that Osborn received in April for diverting funds from other high-profile investors in his nearby One Lincoln Park project.

McGahey said he would have liked to send Osborn to jail, but the previous sentence set a precedent.

"But for that sentence, I would send you to the penitentiary without any sentence at all," McGahey told Osborn. "Thieves are thieves."

Osborn told the court that by staying out of prison, he can work to pay back his investors.

Let's just hope it's not with future investors' funds.

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Patricia Calhoun is editor-in-chief of Westword, the alt-weekly she co-founded in September 1977. She’s been inducted into the Colorado Press Association Hall of Fame, the Association of Alternative Newsmedia Hall of Fame and the Colorado Restaurant Association Hall of Fame. She’s also received dozens of local, state and national awards for writing, including first place for feature writing and first place for column writing with the Society of Professional Journalists. Patricia is a weekly commentator on Colorado Inside Out, PBS 12's public affairs roundtable, which has won two Emmys.

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