ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 



































 
NKY husband sentenced for embezzling from wife's benefit plan

Kenton County Man sentenced to 30 months in prison for embezzling wife's employee benefit plan
Click on headline for complete story

From U.S. Attorney's Office
U.S. District Court, Eastern District of Kentucky

Covington, KY - (Thu 7 Jun 2018) - Ronald Barnett Hill, 49, of Ft. Mitchell, KY, was sentenced today to 30 months in federal prison by United States District Judge David Bunning for embezzling $248,000 from his wife's employee benefit plan.
Hill previously admitted that, in January, July and November 2013 he withdrew a total of $248,000 from a 401(k) account belonging to his wife. The 401(k) account was part of a defined contribution pension plan subject to Title I of the Employee Retirement Income Security Act of 1974. Hill owned and operated TPS Solutions, a corporation located in Kenton County, and as such was a fiduciary of the 401(k) funds held in accounts of its employees, including his wife. Hill stole nearly all of the money in his wife's account by fraudulently completing a hardship withdrawal form, forging his wife's signature, and signing the form as the Trustee authorized to complete the withdrawal. Hill pleaded guilty to the charges in March 2018.

Under federal law, Hill must serve 85 percent of his prison sentence, and, upon release, will be under the supervision of the United States Probation Office.

Robert M. Duncan, Jr., United States Attorney for the Eastern District of Kentucky, made the announcement today after the sentencing.

The investigation was conducted by the Federal Bureau of Investigation and the United States Department of Labor, Employee Benefits Security Administration. The United States was represented by former Assistant United States Attorney Robert K. McBride and Assistant United States Attorney Wade T. Napier.




This story was posted on 2018-06-08 11:38:46
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.



 

































 
 
Quick Links to Popular Features


Looking for a story or picture?
Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com.

 

Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728.
Phone: 270.403.0017


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.