Allegedly took more than $10,000 from drug task force account
FRANKFORT, Ky. (March 25, 2015) — Attorney General Jack Conway today announced the indictment and arrest of Mark Lane Posey, who was the Falmouth chief of police from March 2008 until his resignation February 5.
On Tuesday, a Franklin County grand jury returned an indictment charging Posey with the following:
- Abuse of Public Trust Over $10,000, a Class C Felony
- Theft by Unlawful Taking – Firearm, a Class D Felony
- Criminal Possession of a Forged Instrument Second Degree (70 COUNTS), Class D Felonies
- Theft by Deception Under $500, a Class A Misdemeanor
According to the indictment, from March 2008 to December 2014, Posey is alleged to have taken more than $10,000 in funds from a drug task force account. He allegedly solicited donations from local businesses for drug cases and deposited the funds into one account and allegedly wrote checks out of that account for cash and keep the funds for personal use. He is alleged to have forged the signature of a co-signor to the account and allegedly purchased a gun with Falmouth Police Department funds approved by city council and then sold the gun to a friend for a higher amount.
Posey is being held in the Franklin County Regional Jail on a $10,000 bond. He faces a maximum sentence of 20 years in prison.