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Newspaper Archive of
Bath County News - Outlook
Owingsville, Kentucky
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June 10, 2021     Bath County News - Outlook
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June 10, 2021
 

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12 lune 10, 2021 Local farmers plead \gui By Lawson , KyNewsGroup cecil@kynewsgroup.com Three Nicholas County farmers accuSed' of engag- ing in a long-term federal crop insurance fraud con- spiracy and ‘tax evasion have recently signed plea agreements with the US DistrictiAttorney’s Office in Lexington. “GEM, A federalgrand jury is- sued a 28 count indictment against, Ear1,,1£e Planck, Jr., R. Chad Price, and Jessie G. Smith on Feb. 6, 2020, accusing them of engaging in a conspiracy with one another and with others to file false crop insurance claims with the US Department of Agri- culture, engaging in wire fraud, and tax evasion. According to court documents, on April 29 Jessie G. Smith signed a plea agreement in which he agreed to plead guilty to count 20 of the indict- ment, in which he aided and abetted crop insur- ance fraud. In exchange, the US Attorney agreed to ._ dismiss counts 18 and 19 against him at sentencing inhis case. The agreement said that Smith claimed on insurance paperwork to have produced tobacco on farmland in Bath, Bour- bon, Fleming, Montgom- ery, and Nicholas Coun— ties and insured through NAU Country Insurance Co. and Agrilogic Insur- ance Services. On Jan. 18, 2013, Price falsely certified on his claim of Your Hometown Newspaper COMMUNITY loss documentation that was submitted to the in- surance company that he was the 100 percent insur- able owner in the tobacco crop, knowing the crops on the farms were owned by co-defendant Earl Lee Planck, Jr.. As of results of these misrepresenta- tions, Smith influenced the Federal Crop Insur- ance Corporation '(FCIC) to pay out money sums in his name to which he was not entitled. His plea agreement indicates that Price and the US District Attorney do not agree on {the loss amount certified by these misrepresentations, for which the FCIC paid out $945,970. Under federal statute, Smith could face up to 30 ears in rison, u to a $1 million fine, and up to 3 years of supervised re- leased. R. Chad Price signed a plea agreement on May 5. In the agreement, Price agreed to plead guilty to counts and 26 of the in- dictment, to conspiracy to commit an offense against the United States, and tax evasion. In exchange, the U. S. Attorney’s Office agreed to dismiss all other charges against him. The agreement said that Price rented farmland in Bath, Bourbon, Flem- ing, Mason, Montgomery, and Nicholas Counties, in the Eastern District of Kentucky and was friends with an individual identified only by the ini- tials A.B.W. Insurance companies Agrilogic and ARMtech issued federal multi-pen'l crop (MPC) insurance and private, crop-hail policies issued in A.B.W.'s name. The agreement said that Price agreed with AB.W. to defraud the Federal Crop Insurance Corporation (FCIC), by applying for crop insur- ance in A.B.W.'s name covering tobacco and com and claiming A.B. W. had a 100% insurable interest in the crop, when Price knew the crop be- ing produced belonged to him. The agreement said that this allowed Price to spread losses out, to avoid high-dollar loss amount scrutiny, and to get a more favorable guarantee with A.B.W. being credited as a new producer. As a result of this agreement, Price influenced the FCIC to is- RECEIVE $25.00 OFF A NEW TANK SET OFFER ENDS AUG. lst, 2021 We know the greatest compliment is the referral to family 81 friends. So, to give you our THANKS, we will give you a $25 credit for one referral for a completed tank set for new & existing customers. Locally Owned and Operated] | 606-845-3917 859-744-5358 4911 ROCKWELL ROAD, WINCHESTER, KY 40391 News outlook ltytocrop insurance fraud conspiracy sue indemnity payments to which A. B. W.‘ and he were not entitled. Price also agreed to plead guilty to tax eva- sion, which included un- derreported income on his income tax on 2013 of $351,004. Price could face up to five years in prison for each charge, up to a $250,000 fine for the conspiracy charge and $100,000 for the tax eva- sion charge, and up to three years of supervised release under federal stat- ute. As part of his agree- ment, Price also agreed to pay “properly calculated restitution” to the IRS. Fraud cont. on pg. 13 2737 MOREHEAD ROAD, FLEMINGSBURG, KY 41041 Notice to Bath County Taxpayers Roger Coyle, Bath County Clerk pursuant to KRS 424.130, announc- es that the 2020 Delinquent Real Property Tax Bills (Certificates of- Delinquency) will be published in the Bath County News Outlook. on Junej‘17,2021. The lost of Certificates of Delinquency is also aVailable for public inspeCtion during the hours of Mon.-Fri. 8:00am-4:00pm at the County Clerk’s office located at 17 West Main Street Owingsville, KY 40360. This list may also beinspected on the Bath County Clerk website. TheUniform ResoUrce Locator (URL) of the website is bath. clerkinfo.net. The tax sale will be held on July 19, 2021 beginning at 10:00 am. All interested participants must register with the County Clerk’s office by the close of business on July 16, 2021. Please con- tact the County Clerk’s office if you need additional information about the tax sale registration process, the required registration fee or the deposit amounts that will be needed. Taxpayers can continue to pay their delinquent tax bills to the County Clerk’s office anytime prior to the tax sale. Please Note: All payments must be received in the County Clerk’s office prior to the tax sale date listed in this ad- vertisement. Payments received after the tax sale has been con- ducted will returned without exception. Some delinquencies al- though they have been advertised will be excluded from the tax sale in accordance with the provisions of KRS 134.504(10)(b). lf ybu have any questions, please do not hesitate to contat the County Clerk’s of- ficelat 606-674-2613.. I Published in the Bath County News Outlook on 06.10.21