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Press Release

Louisville Couple Sentenced For Wire Fraud

For Immediate Release
U.S. Attorney's Office, Western District of Kentucky

Embezzled over $550,000.00 from Iceland Sports Complex

LOUISVILLE, Ky. - A Jefferson County, Kentucky, couple was sentenced this week in United States District Court yesterday, by Chief Judge Joseph H. McKinley, Jr. for their individual roles in a scheme to divert over $550,000.00 from the Iceland Sports Complex announced United States Russell M. Coleman.

Glenn Christopher “Chris” Richardson, 56, was sentenced to 24 months in prison, followed by a three year period of supervised release and Karen M. Richardson, 56, was sentenced to eight months of home confinement, and a three year period of supervised release. There is no parole in the federal system.

The couple admitted that beginning no later than January of 2005, and continuing to about September of 2011, while employed at the Iceland Sports Complex, LLC, an ice skating rink located in Eastern Jefferson County, they used a bank account in the name of Karen Richardson, d/b/a Louisville Storm, for  the purpose of diverting and concealing daily revenue from Iceland Sports Complex.

According to the plea agreement, the couple would deposit checks made out to Iceland into the Louisville Storm account. The couple concealed the use of these funds by creating and sending revenue statements to Iceland’s owners located in Michigan, which underreported the amount of Iceland Sports Complex’s daily revenue. The couple admitted using the diverted funds for their personal use and for use by their family.

This case was prosecuted by Assistant United States Attorney Marisa J. Ford and was investigated by the United States Secret Service.  

Updated February 6, 2018

Financial Fraud