COLLIER COUNTY, Fla. - A Collier County
deputy is out a job after investigators say he lied about his income to land
$2.2 million to buy a house.
According to an internal affairs report,
Cpl. Michael Kovar applied for a loan from JP Morgan Chase in 2007. The
application said Kovar made his sheriff's office salary, plus $510,000 from a
business on the side, the report says.
Kovar told investigators that second business
only made $88,000 a year, but he got the multi-million dollar loan anyway.
The report says Kovar used the money to
purchase a property in the hopes of "flipping it." Investigators say
he ended up defaulting in excess of $500,000.
He was dismissed in March for
"unlawful or improper conduct" and "failing to pay just
debts."
Ken Engler, with Brentwood Loans, says
Kovar's story is one he's heard many times before. He says around the time
Kovar got the loan, money was given more freely.
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