Broker’s sentencing postponed |

Broker’s sentencing postponed

Sentencing of Keith M. Hysom, the Grass Valley loan broker accused of swindling up to $2.4 million from 33 investors, has been postponed to April 4.

Hysom, 66, hooked up to portable oxygen for his chronic pulmonary disease, appeared in Nevada County Superior Court on Friday afternoon with his attorney Stephen Munkelt for sentencing, but Judge John Darlington postponed the matter because of an apparently unclear and incomplete probation report.

“I can’t even tell how much money he’s alleged to have taken,” Darlington said. “This matter has to be returned to the probation department.”

Also not included in the report was the probation ineligibility section, which would include recommendations for Hysom’s sentence if he were found to be ineligible for probation.

On Nov. 18, 2005, Hysom filed for bankruptcy and pled guilty on five charges of the original 25-count complaint including theft and fraud as part of a plea agreement.

Hysom admits to he taking investors’ money for fraudulent real estate and construction loans through his business, Ponderosa Home Loans.


To contact staff writer Robyn Moormeister, e-mail or call 477-4236.

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User