stickyimage

Fraud Friday – Former Kansas State Legislator Pleads Guilty to Bank Fraud

May 30, 2014

By Bob Coleman
Editor, Coleman Report

Two months ago we covered the indictment of former Kansas State Rep, Trent LeDoux who borrowed $465,000 to purchase some cattle. Seems it thought it a better idea to funnel the money to his campaign as a state representative. A job that pays $88 a day when in session.

Trent served from 2011 to 2012. He lost his reelection bid in the Republican primary when he faced a fellow legislator after redistricting.

Our man Trent pled guilty this week to bank fraud.

There were three loans from the Farmers and Merchants Bank of Colby, Kansas

· 7/15/11 — $106,000
· 12/22/11 — $175,500
· 4/19/12 — $183,000

From the plea agreement:

“In truth and in fact as the defendant fully well knew when he was applying for the loans, he did not intend to use all the funds to purchase cattle, but to pay off existing indebtedness to others as well as to make contributions to his political account.”

Trent will be sentenced August 11th.

Read the plea agreement here.

3 years ago by in . You can follow any responses to this entry through the | RSS feed. You can leave a response, or trackback from your own site.