Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Columbia Walmart Supercenter
Open 24 Hours
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Ballard officials charged with bank fraud
Ballard County Judge Executive And Former Ballard County Treasurer Charged With Bank Fraud, Wire Fraud, And Making False Statements On A Loan Application
From the Department of Justice, U.S. Attorney's Office
Western District of Kentucky
Paducah, KY - United States Attorney John E. Kuhn, Jr., joined by Kentucky Attorney General Andy Beshear, and FBI Special Agent in Charge Amy S. Hess, announced charges today against the current Ballard County Judge-Executive and former Ballard County Treasurer for executing a scheme that involved obtaining approximately $450,000 in bank loans using a $500,000 Ballard County Certificate of Deposit as collateral for the loans, all without authorization from the Ballard County Fiscal Court. Viniard and Foster obtained the loans and pledged the collateral in order to secretly procure operating funds for Ballard County, Kentucky.
Vickie Louise Viniard, 60, the current Judge-Executive and Belinda Janean Foster, 50, the former Ballard County Treasurer, were charged by grand jury indictment on November 15, 2016, with counts of bank fraud, wire fraud, and making false statements on a loan application. Foster was arraigned this morning, in United States District Court in Paducah, before Magistrate Judge Lanny King. Viniard will make first appearance at a later date.
According to the indictment, between April 2014 and October 2015, defendants Viniard and Foster executed a scheme by misrepresenting to First Community Bank that Viniard had the authority to apply for two loans and had the authority to pledge a Ballard County asset (certificate of deposit) as collateral for these loans.
On April 17, 2014, on behalf of the Ballard County Fiscal Court, Viniard applied for and was granted a $300,000 loan from First Community Bank in Wickliffe, Kentucky. As collateral for the loan, Viniard pledged a $504,038.54 Certificate of Deposit belonging to the Ballard County Fiscal Court that was also held by First Community Bank. Upon approval of the loan, $300,000 was deposited into the Ballard County Fiscal Court's account with First Community Bank. On June 12, 2014, on behalf of the Ballard County Fiscal Court, Viniard and Foster applied for and were granted a $150,000 loan from First Community Bank in Wickliffe. As collateral for the Loan, Viniard and foster pledged the same CD which had also been used as collateral for the $300,000 loan. Upon approval of the $150,000 loan, $50,000 was deposited into the Ballard County Fiscal Court's account with First Community Bank and $100,000 was wired to Huntington National Bank in Columbus, Ohio as partial satisfaction of a Ballard County bond obligation.
On April 17, 2014, Viniard allegedly executed documents, authorizing herself, as County Judge-Executive, to borrow money. The Ballard County Fiscal Court gave Viniard no such authorization and was unaware of the loans or the County's CD being used as collateral for the loans because Viniard withheld this information.
Further, Viniard allegedly directed Foster to intentionally conceal the loan proceeds, which Foster did by labeling the loans as "payroll tax" receipts instead of income from loan proceeds. Foster also did not account for the $100,000 that was wired to Huntington National Bank in Columbus, Ohio.
Additionally, Foster was authorized to write checks for medical reimbursement payments to Ballard County employees, including herself, and, using this authority, allegedly obtained at least $27,000 in fraudulent medical reimbursement payments.
If convicted at trial, bank fraud and making false statements on a loan application carry a sentence of no more than 30 years in prison per count, and wire fraud carries a sentence of no more than 20 years in prison for each count. Also, the defendants could be fined up to $2,000,000 for fraud charges and $250,000 for each count of wire fraud. The judge could further impose a period of supervised release.
This case is being prosecuted by Assistant United States Attorney Nute Bonner and is being investigated by the Kentucky Attorney General's Office and the Federal Bureau of Investigation (FBI).
NOTE: The indictment of a person by a Grand Jury is an accusation only and that person is presumed innocent until and unless proven guilty
This story was posted on 2016-11-18 10:12:53
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic Police and Fire Reports:
Retired Fulton jailer allegedly received $175,000 in kickbacks
Adair Co. Grand Jury returns indictments 15 Nov 2016
Two passengers flown to UK after collision in Casey Co., KY
Off-Duty KSP Trooper and Civilian save four year old
Notice: Article pending
KSP charges Pulaski Countian with felony offenses
Two Bodies discovered in burnt vehicle, Butler Co., KY
Green County, KY, lawyer charged with Theft
Columbia Fire Department fights 3 fires on Mon 7 Nov 2016
Russell County, KY, man charged with Wanton Endangerment
View even more articles in topic Police and Fire Reports
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
Columbia in the Movies
from the archives of
Click for Stories
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.