A Bibb County judge has ordered a Macon businessman facing fiduciary theft charges to pay his father $347,764 in connection with a civil suit.
In 2007, William David “Billy” Ramsbottom Jr. owed the Internal Revenue Service $289,000 and feared that he would either be jailed or that his property would be seized to pay the debt, according to lawsuit documents filed by an attorney representing his father, William D. Ramsbottom Sr., in Bibb County Superior Court.
At his son’s request, the elder Ramsbottom paid the debt to the IRS, and his son signed a promissory note in March 2007. The son promised to pay back the $289,000 with interest by Dec. 31, 2008, according to an affidavit filed by the elder Ramsbottom.
While some interest was paid, no principal was repaid, and nothing of value was conveyed to the father as payment, according to court records.
The younger Ramsbottom contended in a court filing that the promissory note is unenforceable.
In an order granting the elder Ramsbottom’s motion for partial summary judgment, Judge Tripp Self wrote that the son didn’t offer affidavits or evidence to rebut his father’s contentions, according to the order signed Tuesday.
In an unrelated case, the younger Ramsbottom was named in a 49-count indictment in December alleging that he embezzled nearly $476,000.
Ramsbottom acted as a managing partner of Retreat Village Management Co. and Retreat Village Property Co., two companies created to manage and control commercial rental properties in a St. Simons Island shopping center, according to court records.
The records allege that Ramsbottom diverted rent payments and money paid to the two companies for his own financial gain in 2007 and 2008.
Information from The Telegraph’s archives was included in this report.
To contact writer Amy Leigh Womack, call 744-4398.