Russell Brothers Steals Airplane, Holds it for Ransom Over $12,000 Debt
Thursday, June 17, 2010 at 2:40 pm
But his problems -- and his old ways -- reemerged a few months ago when he loaned his business partner, Kenneth Baldwin Jr., $12,000 to close on a condo. In the meantime, the 73-year-old Brothers lost his home and cars in a flood. He'd also lost a deal he'd set up with Baldwin to buy a private airstrip after it too was trashed by the flood.
So Brothers badly needed the $12,000 repaid. But for some reason, Baldwin wasn't forking it over. That's when Brothers got a bright idea: He would steal Baldwin's $300,000 plane, then hold it for ransom until the 12 large was repaid.
Baldwin reported the plane missing two days later. Surveillance cameras caught Brothers swiping it from a Nashville airport. Brothers promised to tell Baldwin where he'd parked the plane -- but only after he repaid the $12,000 condo loan.
They set up a meet at a suburban Nashville restaurant. But instead of showing up with the money, Baldwin showed up with the cops. He's now charged with felony theft -- and he still doesn't have his 12 grand.
See our last tale of bad ransom plots: Man Holds Missing Dog for Ransom, But He's Outsmarted by Police.