Kansas City payday loan businessman sentenced for fraud

KANSAS CITY, Mo. (AP) – A 54-year-old Kansas City payday loan business owner who sought to avoid $7.5 million in debt by filing a false bankruptcy claim has been sentenced to a year and a day in federal prison.

Del Hodges Kimball was sentenced Wednesday for bankruptcy fraud.

He also was ordered to pay more than $900,000 in restitution.

The U.S. Attorney’s office said Kimball claimed he lost millions of dollars in 2013 and 2014 when he had a gross income of nearly $160,000 in 2013 and more than $213,000 in 2014.

He also diverted hundreds of thousands of dollars to his wife’s personal account to conceal his wealth.