A former Kentucky police chief is facing 20 years in prison after being indicted on 73 criminal charges.
47-year-old Mark Lane Posey was indicted by a Franklin County grand jury Tuesday, on one count of abuse of public a trust over $10,000, one count of theft by unlawful taking, one count of theft by deception under $500 and 70 counts of criminal possession of a forged instrument.
According to the indictment, Posey is accused of taking $10,000 in funds from a drug task force account and soliciting donations from businesses for drug cases.
Court documents say Posey deposited those funds into an account he allegedly forged the signature of the co-signer on.
Posey is also accused of purchasing a gun with Falmouth Police Department funds approved by the City Council and sold it to a friend for a higher amount.
Posey was hired in March 2008 as police chief. He was suspended Jan. 29 and resigned Feb. 5 after a city investigation into his office was launched.
Posey was held at the Franklin County Regional Jail. He was released on a $10,000 bond Wednesday night and faces a maximum sentence of 20 years in prison if convicted on all charges.
He is due back in court on April 10.
City and police officials have refused to comment on an ‘on-going investigation.’
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