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KC-area payday lender pleads guilty to bankruptcy fraud

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Mission Hills, Kansas, resident Del Kimball pleaded guilty this week to one count of bankruptcy fraud related to his network of payday lenders.

His network, collectively called LTS Management Services, was forced into involuntary bankruptcy in 2015 by creditors. Kimball, his business partner and LTS at the time also were on the hook for $55 million in judgments in Missouri alone.

Kimball on Tuesday admitted to defrauding the U.S. Bankruptcy Court. Allegations include hiding assets, bank accounts and claims against third parties.

Read more from the Kansas City Business Journal.

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