The Richmond Register

Local News

April 12, 2013

Man faces federal theft charges

Charged with stealing $780K from Keeneland

LEXINGTON — A Richmond man has been indicted in federal court on charges he stole $780,000 from Keeneland by overstating the amount of cash he needed to stock the race track’s ATMs.

Larry Wilson faces 12 criminal charges related to wire fraud, filing false tax returns and money laundering.

The indictment states Wilson was hired in 2006 to service the horse racing track’s ATMs. He created cash requests in order to withdraw money from the Keeneland cash room to stock the machines.

Keeneland would submit those requests to JP Morgan Chase Bank, and the currency was delivered to the track via armored truck.

In October 2007, the track stopped submitting separate currency requests to stock the ATMs and instead requested cash from the bank for Keeneland’s operations, some of which was put in the machines, according to the indictment.

“Wilson inflated his requests for cash from the money room, and based on those requests received funds in excess of that needed to stock the ATMs at Keeneland,” the indictment states. “He then converted the excess cash belonging to Keeneland for his personal use.”

Wilson stole $786,080 in this manner during the course of his employment, according to the indictment. He was fired from the racetrack in May 2009, according to the Lexington Herald-Leader.

In addition to the wire fraud, Wilson is accused of filing false tax returns from 2007 to 2010 that understated his yearly income.

He also is accused of taking some of the money intended for the ATMs and depositing it in his mother’s bank account. This is known as “money laundering,” which is an attempt to conceal illegally obtained cash.

Finally, the indictment states Wilson used $40,000 of the funds he obtained through the wire fraud to purchase a 2008 Mustang Shelby from a Richmond car lot.

The money laundering and wire fraud charges carry a penalty of up to 20 years in prison, and using illegally obtained funds in a transaction has a possible sentence of up to 10 years. Filing a false tax return is punishable by a maximum of three years in prison.

Wilson also could be fined more than a million dollars if he is found guilty. The prosecutor also is seeking restitution.

Wilson is scheduled to appear at 1 p.m. May 2 in U.S. District Court in Lexington. The case has been assigned to Senior Judge Joseph M. Hood.

Sarah Hogsed can be reached at or 624-6694.

Text Only
Local News
  • Bucher Family plant sale starts Friday

    The Bucher Family annual plant sale, a yearly tradition in Madison County for 15 years, will kick off Friday morning.

    April 23, 2014

  • 4-23 Gravestone.jpg In search of the last resting place

    At a popular illegal dump site off Bybee Loop in Waco, two marble grave markers were among some items found there by Pat and Ronnie Aldridge, residents who live about 250 yards from the area.

    April 22, 2014 1 Photo

  • Fiscal court awards EMA bids

    Two more bids were awarded at Tuesday’s Madison County Fiscal Court meeting for the emergency operations agency.

    April 22, 2014

  • 4-23 Peter Crowe.jpg Intoxicated man charged with wanton endangerment

    A 27-year-old Richmond man was charged Sunday with second-degree wanton endangerment after he was found intoxicated and walking with several young children in the Keystone Drive area, according to a Richmond police report.

    April 22, 2014 1 Photo

  • Absentee voting available for May 20 election

    Walk-in absentee voting for the May 20 primary has begun and will continue until May 19, County Clerk Kenny Barger announced Tuesday at the Madison Fiscal Court meeting.

    April 22, 2014

  • 4-23 Tab-a-PULLooza1.jpg Friday last day to collect pop tabs for Tab-a-Pullooza

    Before throwing that soda can in the recycling bin, twist off the pop tab and donate it to a local elementary or middle school for this year’s Tab-a-Pullooza celebration.

    April 22, 2014 4 Photos

  • Pot throwing downtown leads to arrest

    A Berea man was arrested Saturday after police say he damaged a downtown Richmond business and a parked vehicle by throwing flower pots.
    Jonathan A. McCullough, 34, was charged with first- and third-degree criminal mischief as well as alcohol intoxication, according to a Richmond police report.

    April 21, 2014

  • London police chief ordered to stay away from Berea woman

    A woman who who moved to Berea in February 2013 after a live-in relationship with London Police Chief Stewart O. Walker has obtained an emergency protective order against him from Madison Family Court.

    April 21, 2014

  • Task force reveals plan to make ‘Meaningful Math' matter

    It’s all too common to hear parents say, “I was never good at math...,” as if to excuse their children for not being good at math, said Madison County Schools Superintendent Elmer Thomas.

    April 21, 2014

  • WP_20140419_001.jpg Cruisin’ with the Oldies

    With the sound of classic songs wafting through the air Saturday, hundreds of people took advantage of the summer-like temperatures and turned out for the Kirksville Community Center car show.

    April 21, 2014 9 Photos

AP Video
U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide

Should Richmond rezone the southwest corner of Main Street and Tates Creek Avenue to B-1 (Neighborhood Business) with restrictions to allow construction of a financial services office?

     View Results