Confidant of Former Gary Mayor Indicted on Criminal Fraud Charges | Crime and courts
Cossey spent $ 25,000 on travel during his five-year bankruptcy, including at least five trips to Las Vegas and vacations to Puerto Rico, court records show.
Cossey made 60 cashier deposits totaling $ 102,000 in Individual A’s BMO Harris account from January 1, 2013 to December 31, 2018. A portion of the money was intended to “settle his ongoing personal debt” with the cashier. individual A.
“Substantial cash deposits were often made when Individual A’s account balances were low, or just before credit card payments were due,” the records say.
“Individual A acted as a personal lender and allowed Cossey to spend extravagantly on Individual A’s American Express credit card account and withhold large amounts of disposable income from the Chapter Trustee. 13, which, if disclosed, would have significantly altered the amount of recovery for Cossey’s creditors. », The state of the load documents.
Individual A is said to have signed an agreement for $ 12,500 in charitable contributions from his political campaign to a nonprofit called the Gary Indiana New Day Foundation and registered under Cossey’s rental property address in Gary.
In turn, Cossey received $ 12,500 in consulting fees from the Gary Indiana New Day Foundation, but the campaign was the true source of those funds, according to court documents.
Although the nonprofit was largely inactive after October 2014, Cossey said he received $ 17,500 for the foundation’s consulting work, agents said.