A Bowling Green Realtor pleaded guilty Monday in Warren Circuit Court to nine counts of failure to make required disposition of property valued over $300 – in excess of $100,000, the prosecution said.

Kenny Nealy, owner of Investors Realty & Management Co. Inc., waived his right to be indicted by a grand jury, then entered his plea.

Nealy received a 10-year sentence, but the commonwealth will recommend probation after Nealy has served a year in Warren County Regional Jail, said Warren County Commonwealth’s Attorney Chris Cohron.

Nealy will remain on probation until all restitution has been repaid. Cohron declined to go into more detail about what was done and who is involved until a final restitution amount is determined.

&#8220I need to be punished,” Nealy said in court.

Since the beginning, Nealy said he hasn’t been trying to beat the charges, but that he wanted a fair resolution. In this situation, everyone has been fair, he said.

&#8220I want everybody to know I didn’t sit around and plan and scheme to do this,” he said. &#8220I’m going to do everything that I can to make it right.”

When asked about his mental status, Nealy said he suffers from depression and is taking medication. Alan Simpson, Nealy’s attorney, said his client is competent to make a plea.

Several of Nealy’s victims have lawsuits against him in circuit court, Cohron said.

Much of the information regarding the charges is the same information as in the civil proceedings, he said.

Four lawsuits have been filed in Warren Circuit Court against Nealy. Louis Berman, Joseph Cherry, Robert Toomy and Judith Laird all have active cases regarding economic damages, according to court records.

Nealy received money from people under false pretenses, Cohron said. He then dealt with the money in a manner that is illegal in Kentucky.

Nealy chose not to have the case go before a grand jury and cooperated with the prosecution, in hopes of a more lenient sentence recommendation, Cohron said.

&#8220Without his cooperation, he would have been looking at a much longer sentence,” he said.

It doesn’t happen often that someone agrees to proceed with a case before it goes to a grand jury, Cohron said.

&#8220But if you’re guilty, the more you cooperate, the more apt you are to receive a better recommendation (from the commonwealth),” he said.

The prosecution requested a longer than normal wait before sentencing to calculate the exact amount of restitution and a work release agreement, Cohron said. Formal sentencing is Aug. 20.

&#8220We want to make sure all the restitution is agreed upon,” he said.

Nealy was a president in 1991 of the Kentucky Association of Realtors.