Once an economic hope for southern Indiana, business owner now facing multiple fraud charges
Once heralded as an economic boon for Scott County, the gate to Gibbs Innovation Manufacturing, or GIM, Inc., is now closed and the forlorn parking lot is empty.
When GIM, Inc. announced it was buying an old factory in Scottsburg, Indiana, the Indiana Economic Development Corporation sent out a news release.
The state agency declared GIM would receive $1.9 million in state tax incentives in exchange for bringing 135 new jobs with an $18.7 million investment. The news release, issued in November, even included statements of praise from the Indiana Secretary of Commerce, Scottsburg's mayor and the CEO of the local chamber of commerce, One Southern Indiana.
Those plans no longer seem possible, with the company's owner, John Christopher "Chris" Gibbs, now facing more than a dozen criminal charges across four states.
"He was very smooth," said Troy Ponder, an electrician who says Gibbs has not paid him for $125,000 worth of work at the Scottsburg plant. "You talked to him, if he was lying, you wouldn't be able to detect it."
Indiana State Police announced last week Gibbs was facing seven counts of fraud, seven counts of theft and one count of corrupt business practice in Scott County related to $302,000 owed to contractors and a financial institution.
Gibbs also faces two counts of theft by deception in Louisville, related to a building he leased on Crums Lane from local businessman Chris Thieneman.
"Very charismatic man," Thieneman said, describing Gibbs. "Talked really well, educated. Like, hey, he had his business, it's going to explode."
Thieneman said he was forced to evict Gibbs from a home he rented him in Louisville's Glenmary subdivision when Gibbs fell behind on rent. But Thieneman said he did not go to police until Gibbs gave him two bad checks for more than $10,000 in lease payments for the business property.
When Thieneman went to evict GIM, Inc., from Crums Lane, he discovered Gibbs had been subleasing part of the building to another business owner.
"I can't speak to what was in his mind but I can tell you I gave him so many chances," Thieneman said. "It wasn't like the first time he dropped the ball that I was going to evict him. He fumbled, as you say in football terms, like four or five times."
Gibbs is also facing criminal charges in Tennessee and Indiana.
He's currently being held in the Shelby County, Kentucky, jail after being arrested at a hotel there.
He's due in court in Louisville on June 16 and has yet to appear for a probable cause hearing in Indiana.