New developments in Erpenbeck fraud case

Bill Erpenbeck
Bill Erpenbeck

CINCINNATI (FOX 19) -- A federal judge has signed over money found buried on a northern Kentucky golf course that is connected to the Bill Erpenbeck real estate fraud case.

Bill Erpenbeck is serving a 25 year sentence for bank fraud.

He was convicted in 2004 after feds said he bilked victims all over the tri-state for millions.

Now Fox 19 has discovered that a soft-sided blue cooler found last October at the Summit Hills Country Club in Crestview Hills, Ky., contained about $250,000 in cash, which has been tied to Erpenbeck.

Last week in federal court a judge signed a forfeiture order giving that money to the federal government.

Agents are still trying to determine exactly how much money was in that cooler because it's still in a lab, and in very bad condition.

Public records don't cite how the FBI found the money that was buried on the third tee of the golf course, only that someone purposely buried it.

The search warrant is still sealed and authorities have not released who buried the money, Erpenbeck himself, or a third party.

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