CLEAR LAKE - A Council Bluffs man is charged with theft for writing a bad check to a Clear Lake dealership and stealing a vehicle in August.
Kirk Randall Fairchild, 47, is charges with felony first degree theft, over $10,000.
According to court documents, Fairchild allegedly wrote a personal check to Billion Auto for $55,999.75 to purchase a 2017 Ford Explorer on Aug. 31.
“Bank statements show the defendant had a negative balance in his checking account from July 2017, through September 20, 2017,” the criminal complaint said.
The check was returned to the dealership with the bank account noted as frozen as of July 5. The account was frozen after the bank learned Fairchild had written two checks totaling $119,426, court record said.
“The defendant was contacted by the bank and the defendant told the bank he was receiving a large settlement,” the criminal complaint said.
On Sept. 12, the account was frozen again due to excessive returned check fees.
According to court records, 2017 bank records show Fairchild has never had sufficient funds in his account to write a check in the amount of $55,999.75.
“As of 10/3/17 at 10:03 am, the vehicle has not been recovered or returned,” the criminal complaint said.
Fairchild was arrested in Pottawattamie County then booked in Cerro Gordo County Jail Monday. He is held for $5,000 cash only bond. No court date has been set.