Politics & Government
Seized Cash Makes Small Dent in Urbandale Developer’s $1.16 Million Restitution Bill
Authorities sized $9,800 from a safe in developer's home during an arson investigation.
Money seized from a safe in Urbandale developer John Kline’s charred home will be applied to restitution ordered after Kline was convicted of two counts of bank and wire fraud in U.S. District Court in April.
Authorities seized $9,800 that is being applied to restitution during an arson investigation at Kline’s former residence, Kent Darr of the Des Moines Business Record reports.
Kline, who is currently serving a 2 ½-year sentence in federal prison, reportedly has paid $200 of the debt.
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No charges have been filed in the February 2009 fire that destroyed million-dollar residence at 3536 129th St., which has since been sold for $750,000 to home builders Scott and Stephanie Denton.
Kline and his business partner, Randal Walters, were indicted in November 2011 on bank and wire fraud after federal prosecutors said they diverted real estate development loans to other struggling companies, the newspaper said.Find out what's happening in Urbandalefor free with the latest updates from Patch.
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