YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

KC-area payday lender pleads guilty to bankruptcy fraud

Posted online

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.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Crossway Baptist Church children’s wing

The congregation at Crossway Baptist Church is building a children’s wing at the west end of the church, and beginning in 2024, it will be home to a Christian academy.

Most Read
Update cookies preferences