FALMOUTH, Ky. — A grand jury has indicted Falmouth’s former police chief, Mark Posey. Posey is charged with abuse of public trust over $10,000, theft of a firearm by unlawful taking, criminal possession of a forged instrument and theft by deception under $500. According to the indictment, investigators believe Posey solicited donations from local businesses for drug cases and put the money into one account. Posey is accused of writing checks from that account for cash and keeping money for his own use from March 2008 through December 2014. Apparently the total is more than $10,000. To do so, they say Posey forged the signature of a co-signer to the account. Posey is also accused of buying a gun with police department funds that were approved by city council. They say he then sold it to a friend for a profit. Posey was suspended in January. The city charged him with financial mismanagement. He resigned February 5. Posey was arrested. He’s locked up on a $10,000 bond. If convicted of all charges, he faces up to 20 years in prison.

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