Terry resident pleads guilty to bankruptcy fraud - MSNewsNow.com - Jackson, MS

Terry resident pleads guilty to bankruptcy fraud

Source: Raycom image bank Source: Raycom image bank
TERRY, MS (Mississippi News Now) -

63-year-old Kenneth Bowman Jr from Terry, pleaded guilty on September 13 to one count of bankruptcy fraud. 

Bowman is the officer and representative of Piggly Wiggly in Crystal Springs Inc. and embezzled approximately $101,733.55 from the bankruptcy estate.

Bowman appropriated to his own use estate funds belonging to the debtor, specifically making checks payable to cash and using the cash to satisfy his personal debts, and reducing assets available to creditors.

He will be sentenced on December 15, 2016 at 9:00 a.m. by U.S. District Judge Tom S. Lee and faces a maximum penalty of five years in prison and a $250,000 fine.

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