(La Porte County, IN) - An alleged million-dollar con man who twice escaped local authorities has been found again.

 

In March of 2021, Tim Bailey, at his request, was given until the next day to report to the La Porte County Jail to begin serving his five-year prison sentence.

 

Bailey, 54, failed to report but was located in Arkansas less than two weeks later. He was held in Arkansas until local authorities could pick him up, but he was released after posting a commercial bond.

 

Police said information on his possible whereabouts led to him being taken back into custody in Jacksonville, Florida, less than two weeks ago.

 

Slightly over $1 million was swindled by Bailey from three victims in a housing investment scam. At least $200,000 of the stolen loot appears to have been spent at casinos based on withdrawals from casinos and ATMs near casinos.

 

Bailey has numerous prior convictions for fraud and theft-related crimes. 

 

As part of his sentence, Bailey was ordered to make $1,000 a month payments to the victims while serving five years on probation following his release from prison. The victims were also given the ability to try and recover any balance from a civil judgment issued against Bailey by the court.