Bob Cloud had been the manager of Downtown Denver's "cashregister" building, One Norwest Center. At his sentencing, Cloudtold Denver US District Judge Richard Matsch that he has learned alot in the two years of therapy since being accused of Federalcrimes. "The amount of sorrow that I feel for my actions and thecrime that I committed are great," Cloud says, adding that theoffense cost him his marriage.

Cloud has pleaded guilty to mail fraud and engaging in illegalmonetary transactions. From September 1995 to October 1998, heconspired with at least four vendors to use fictitious invoices tocharge Houston-based Hines for work that wasn't done, according tocourt records. As property manager, he not only provided the fakeinvoices, but approved payment for and had signed Hines checkspayable to the cooperating vendors. The vendors then would turnover the money to Cloud who laundered it through a Texas companyowned by a friend, who would channel the money to Cloud. The bulkof the funds were been placed in Cloud's personal bank account.

Cloud has cashed in $100,000 from his 40l(k) retirement accountto repay part of the money due his employer. After his release,Cloud must repay Hines and its insurance company more than $69,000in $500 monthly installments.