Suspended Elkhorn City attorney charged with bank fraud, lying on tax returns

Timothy Belcher, in an undated photo
Timothy Belcher, in an undated photo

PIKEVILLE, Ky. — The former city attorney for Elkhorn City — who is currently under indictment for theft after being accused of stealing money from former clients — now faces federal charges of bank fraud and making false statements on his tax returns.

Timothy Belcher, 55, is charged with seven counts of bank fraud and three counts of making false statements.

According to state and federal records, Belcher was hired in 2002 to represent the family of a man who had been killed in a car wreck. He was successful in obtaining a settlement in the case, with half going to the man’s widow, and the other half going to his children.

Because there was some question whether he was the father of two or three children, that money was placed into escrow until paternity on the third child could be established. In 2007, that account contained more than $817,000. By 2018, it had dwindled to less than $400.

Authorities accuse Belcher of using money from the account for business and personal expenses. He is accused of bank fraud for falsely representing that he was withdrawing money for the children, and of making false statements for not reporting the allegedly embezzled money on his tax returns.

The bank fraud charges carry a potential sentence of up to 30 years in prison, while the false statement charges carry a potential sentence of up to three years. He could also be ordered to pay restitution if convicted.

Belcher was charged with theft in Pike County in August of 2019. That case remains pending.

His law license has been suspended by the Kentucky Bar Association since September of 2019.