KS bank latest to file suit against Kruse - Old Cars Weekly

KS bank latest to file suit against Kruse

Embattled auto auctioneer Dean Kruse faces contempt of court charges
Author:
Publish date:

Hillcrest Bank of Overland Park, Kan., claims Kruse violated the terms of his loan by using three Nazi command vehicles he did not own as collateral for a loan. Kruse owes $6.5 million on the loan, which is now in default.

A hearing is scheduled for Dec. 28 in DeKalb County.

The lawsuit is only the latest in several challenges facing Kruse. The Associated Press reported that a judge ordered seizure of Kruse’s 1985 Cessna jet last month after he defaulted on the loan.

MORE RESOURCES FOR CAR COLLECTORS FROM OLDCARSWEEKLY.COM

*Great Books, CDs, Price Guides & More
*Share YOUR Thoughts in the Old Cars Weekly Forums
*Get Pricing. Data. History in one place
*Sign up for your FREE OldCarsWeekly.com email newsletter

Where to Bid

62 Thunderbird 1

Kenmore Heavy Equipment, Contractor Equipment and Collector Car Auction- ONLINE ONLY

James G. Murphy Co. Auctioneers will conduct an ONLINE ONLY auction October 1 - 8.