There is no parole in the federal system.
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John Schmidt apologized to his victims in court. "I am sorry, they deserve better," he said. "I will promise whatever time I have left on this earth I will try to make atonement for my sins."
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John Schmidt is facing a maximum of 80 years in prison and a $2.5 million fine, as well as more than $300,000 in restitution.
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John Schmidt, a former Bullitt County Master Commissioner and county public administrator, “devised a scheme to defraud and obtain money” from two separate trusts between September 2014 and January 2019 to use “for his own personal expenditures, according to the indictment.
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Todd and Julie Chrisley were sentenced to a combined 19 years in prison after a jury found them guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans.
Court documents say the applications resulted in the theft of $133,802.
Kenneth Burgess, 58, is accused of trying to defraud the One Vision Federal Credit Union on Lewis and Clark Parkway in Clarksville.