A Louisville, Kentucky man – who also happens to be a police officer – was arrested and charged with bankruptcy fraud. Specifically, he is being charged with falsifying a judge’s order. He is “accused of taking an authorization from a federal judge in July that allowed him to seek a line of credit of $18,200 to buy a car and altering it so it appeared he could seek $48,200 in credit, according to the indictment handed down Tuesday in the U.S. District Court of the Western District of Kentucky.”
Not what I would I call the most sophisticated of fraud schemes. The police department may also want to check his high school report cards.
It’s a shame, really. I feel strongly that bankruptcy is a great opportunity (created by the founding fathers and included in the Constitution) for people to get a fresh start. For some, that doesn’t seem to be enough, and they try to push their luck and manipulate the bankruptcy system. Turns out, it’s not a system that can be easily manipulated. And there are dire consequences for doing so. Now this officer who has been on the force for 11 years is also looking at unemployment.
You can read the complete story here.