The KSHB 41 I-Team traveled to the waterfront Lake of the Ozarks house owned by a Kansas City-area businessman who’s accused of purchasing the property with COVID-19 relief funds.
The IRS accuses Campbell of money laundering and wire fraud in connection to the purchase of the lake house, in addition to two vehicles. While federal officers seized the vehicles in May, records with Morgan County Assessor’s Office show Campbell’s wife is still listed as the owner of the lake house.
The affidavit filed on behalf of the IRS shows Campbell fraudulently received $936,000 in COVID-19 relief funds in early 2020. The IRS says shortly after Campbell received the funds, he began transferring money between bank accounts. On May 26, 2020, federal officers say Campbell transferred $87,849 from his bank account to a title company to purchase the home on Lake of the Ozarks.
According to the documents, the Small Business Administration’s computer systems flagged duplicate applications from Campbell’s businesses for COVID-19 relief funds. The SBA says Campbell filed 20 applications under various business names for relief, five of which were approved. When an employee with the SBA began looking into the loans, she discovered Campbell’s businesses didn’t qualify.
The employee also states Campbell was asked to submit tax returns to help process his applications, which contained numerous errors. One of the businesses Campbell received a loan for hasn’t been active with the Kansas Secretary of State since 2016. According to the affidavit, the IRS did not put in a request to seize the lake house.
If you would like to speak with an attorney call us at 816-524-4949 or visit our website to schedule a free consultation.