Lawsuit accuses KY Rep. Waide of misusing his company's fina - News, Weather, Sports, Toledo, OH

Lawsuit accuses KY Rep. Waide of misusing his company's finances

Kentucky State Representative Ben Waide Kentucky State Representative Ben Waide
HOPKINS CO., KY (WFIE) -

A lawsuit has been filed against Kentucky State Representative Ben Waide accusing him of misusing his company's finances for personal use and for financing his campaign.  

There are two plaintiffs who represent shareholders of Liberty Rehabilitation Corporation. Waide is president and director of the corporation.

Waide has been a state representative since 2010 and represents District 10, which includes Hopkins County and the Madisonville area.

The lawsuit seeks repayment of corporate funds that Waide allegedly spent on trips, meals, clothing and for campaign mailings and newspaper ads.

Waide tells 14 News that he's confident the matter will be resolved soon.

"I think the evidence is going to show that this is revolving around my personal credit card. Our company's been run with integrity. We've had professional accounting supervision for seven years. This is a business dispute that it seems by the lawyers is being used for a political attack," Waide says.

Hopkins County Attorney Todd P'Pool, who is representing Waide, shares this statement with 14 News:

"The lawsuit filed today is loaded with misinformation and is a blatant political attack against Rep. Waide. The truth and evidence will show that the other shareholders extracted more profits from the business than did Mr. Waide and that they have incurred absolutely no financial damage whatsoever. We intend to vigorously defend these allegations and we look forward to our day in court."

14 News also spoke with Attorney John Whitfield, who represents the plaintiffs. He says he will move quickly to ask the court to appoint a third party to oversee the finances of Liberty Rehabilitation.

Copyright 2013 WFIE. All rights reserved.

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