Terry Resident Pleads Guilty to Bankruptcy Fraud

Terry Resident Pleads Guilty to Bankruptcy Fraud

Kenneth, Bowman, Jr.,63, of Terry, Mississippi, pled guilty on September 13, 2016, to one count of bankruptcy fraud.

Bowman,as the officer and representative of Piggly Wiggly of Crystal Springs, Inc., a debtor in Chapter 11 bankruptcy in the Southern District of Mississippi, 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.