Glencoe Couple Fraud Settlement 18 Apr 12

A former Glencoe businessman and his wife have been ordered to pay $20,000 over the next 2 years in a settlement agreement.
The owners of the former Glencoe Garden Center, Bryan and Joyce Koepp were accused of taking hundreds of thousands of dollars from family, neighbors, and fellow business owners, and were seeking Chapter 7 bankruptcy protection in federal court.

Nearly 45 victims came forward in and around the Glencoe area, along with creditors including banks, credit card companies, and other agencies, claiming that the Koepps swindled them out of almost $1.5-million.

The settlement requires the Koepps to pay the $20,000 over 2 years in $600 dollar payments per month for the first year and then just-over a thousand dollars per-month until paid in full.

  • DKlitzke

    You gotta be shitten me!

  • 2dog42

    I don’t understand how they can get away with this. They knew exactly what they were doing and have no remorse over it. They should not have been allowed to be able to file chapter 7.
    Filing chapter 7 and swindeling money are totally 2 different things.
    As far as I am concerned they should have to serve some jail time and pay it all back. Grant you the $20,000.00 they have to pay is only a sniff of what they owe.
    Shame on you people.

  • sonofavictim

    Why doesn’t everyone do this? Swindle 1.5 million from good friends, businessmen, family…etc. pack the loot in a suitcase, declare bankruptcy, and then turn around and write-out a check for $20,000 or 1.3% of what is owed to the victims and go into retirement (in some remote location where your “friends” won’t find you) on the balance of $1,480,000 left in the suitcase! Not only did our criminal and prosecutoral systems fail to prosecute these calculating criminals, but now the judicial system just became enablers to the crime itself! It’s a dirty rotten shame.