SELLERSBURG, Ind. (WHAS11) -- A former Ivy Tech instructor is accused of bilking one of his students out of $2000 in a phony investment scheme, and prosecutors are encouraging any other possible victims to come forward.
Floyd "Buck" Skirvin, 49, is charged with forgery, theft and check fraud. The Clark County Prosecutor's office says it has sworn a warrant for his arrest.
In a statement to police, Skirvin said he was holding the student's money until the student returned tools he borrowed.
An Ivy Tech spokeswoman said the community college would have no comment on the matter, only confirming that Skirvin was no longer an instructor at the Sellersburg campus, where he taught HVAC classes from September 1, 2011 until July 9, 2012, three days after a 19-year-old student filed a police report.
In the complaint filed with Jeffersonville police, the student, Ronald Jenkins, said Skirvin approached him in March, during break times of regularly scheduled classes with a proposition to invest money, telling Jenkins that he had earned hundreds of thousands of dollars through eTrade
Jenkins said he gave Skirvin a total of $2000, but later became suspicious and asked for the money back. Instead, Jenkins claims that Scirvin gave him a check for $50,000, but police later concluded that Skirvin had immediately placed a stop payment order on the check.
According to a probable cause affadavit, Skirvin told police that Jenkins initiated the request for Skirvin to set up the investment account, yet admitted that he never set up the account, despite accepting $2000 from Jenkins in two $1000 payments.
In his statement to police, Skirvin also admitted to showing Jenkins a fictitious eTrade account that showed a gain of $3,231.49 after Jenkins' initial $1000 investment.
Skirvin told police that he wrote the $50,000 check for "good faith funds," but did not date the check and advised Jenkins not to cash the check until he made the funds available.
WHAS11 News has learned that Skirvin was jailed twice in Marion County, Indiana on felony theft and larceny charges in 2010 and 2011.