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Fort Thomas Man Sentenced for Wire Fraud, Tax Evasion
A Fort Thomas, Ky., man, Kevin R. Welsch, 48, has been sentenced to 33 months in prison after pleading guilty to federal charges of wire fraud and tax evasion.
In a shocking turn of events, Welsch, the former owner of RCC Services, Inc., admitted to defrauding clients by collecting debts on behalf of creditors and keeping the money for his own use. He also admitted to collecting more than debtors owed and charging his clients for fees and expenses that were never incurred.
The sentencing, which took place in Covington, Ky., was handed down by Chief U.S. District Judge Danny C. Reeves. Welsch’s guilty plea, which was entered in May 2021, marked the beginning of the end for the debt collection business owner.
As part of his plea agreement, Welsch must serve 85 percent of his prison sentence. Upon his release from prison, he will be under the supervision of the U.S. Probation Office for three years. The amount of restitution owed by Welsch has yet to be determined.
The investigation into Welsch’s activities was a collaborative effort between the IRS CI, the FBI, and the Ft. Thomas Police Department. Assistant United States Attorney Elaine K. Leonhard represented the United States in the case.
The sentencing was announced by Carlton S. Shier, IV, Acting United States Attorney for the Eastern District of Kentucky; Bryant Jackson, Special Agent in Charge, IRS – Criminal Investigation; Edward J. Gray, Acting Special Agent in Charge, FBI Louisville Field Office; and Casey Kilgore, Chief of Police, Ft. Thomas Police Department.
Welsch’s sentencing serves as a reminder of the importance of holding individuals accountable for their crimes. It also highlights the need for vigilance in the face of financial crimes, which can have devastating consequences for victims.
For more information on this case, please contact the U.S. Attorney’s Office for the Eastern District of Kentucky.
Key Facts
- State: Kentucky
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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