Close Confidant of Former Mayor of Gary on Leave from NIPSCO Amid Fraud Charging | Crime and courts
“Individual A acted as a personal lender and allowed Cossey to spend extravagantly on Individual A’s American Express credit card account and withhold large amounts of disposable income from the Chapter Trustee. 13, which, if disclosed, would have significantly altered the amount of recovery for Cossey’s creditors. », The state of the load documents.
Cossey was fired by Indiana American Water in February 2018, but she did not disclose the $ 78,000 in severance pay she received, or communicate her new salary through NIPSCO to the bankruptcy trustee, according to court records.
She also concealed $ 17,656 in rental income from her Munster residence. Cossey had agreed to abandon that same residence in Munster to get confirmation of a bankruptcy plan, but during that time he spent $ 9,400 on home renovations. The expenses prompted the Cossey Condominium Association to question whether they actually intended to relinquish the property.
Cossey spent, but did not disclose in his bankruptcy, more than $ 25,000 on travel over a five-year period, court records show.
Federal agents said the “unusually” large and frequent sums of money deposited in Individual A’s bank account by Cossey came “from an outside or illegitimate source.”
Individual A is said to have signed an agreement for $ 12,500 in charitable contributions from his political campaign to a nonprofit called the Gary Indiana New Day Foundation and registered under Cossey’s rental property address in Gary. In turn, Cossey received $ 12,500 in consulting fees from the Gary Indiana New Day Foundation, but the campaign was the true source of those funds, according to court documents.