Independence Business Owner, Joseph Reneau Sentenced for Arson of Rival Business, Residence, and Illegally Possessing a Firearm
KANSAS CITY, MO (STL.News) An Independence, Missouri, business owner has been sentenced in federal court for his role in a conspiracy to commit arson against a rival business as well as a residence, and for illegally possessing a firearm.
William “Bill” Joseph Reneau, 44, of Overland Park, Kansas, was sentenced by U.S. District Judge Roseann Ketchmark on Tuesday, Feb. 2, to six years and six months in federal prison without parole. The court also ordered Reneau to pay $167,085 in restitution to his victims.
On Aug. 5, 2020, Reneau pleaded guilty to one count of arson and one count of being a felon in possession of a firearm and ammunition. Reneau was the owner of Gold Rush Exchange, with locations on 40 Highway and 24 Highway in Independence.
Reneau admitted that he hired others to destroy an Independence residence and a business, Bobby Jackson’s Trading, a gold-buying business operated by a former employee of Reneau’s at 302 E. 23rd Street in Independence. Reneau hired others to damage Bobby Jackson’s Trading in July and August of 2017, then to burn the business as well as a residence owned by his wife’s ex-husband in August 2018.