Former Ky Ag Commissioner Richie Farmer Files for Bankruptcy
Former state agriculture commissioner and University of Kentucky basketball star Richie Farmer, who went to prison for violating state ethics and campaign finance laws, has filed for bankruptcy.
Farmer filed a Chapter 7 petition May 4 in U.S. Bankruptcy Court for the Eastern District of Kentucky.
The Lexington Herald-Leader (http://bit.ly/272OshS) reports Farmer indicated he is unemployed and living on $194 in monthly food stamps. The petition also noted that his parents give him an estimated $400 each month.
The petition listed assets of about $24,000, most of it in his state pension, and liabilities of about $386,000.
Farmer left a federal prison in West Virginia in December after serving a 27-month sentence for misappropriating government resources while in office, including having state workers build a basketball court at his house.