Danville, KY —
Keith operated King’s Corner and other pawn shops in Danville for years, and Michael Hockensmith had worked for him prior to taking over the business earlier this year and renaming it ABC Gold. Keith also was friends with Smith, a long-time gold buyer who paid regular visits to area pawn shops.
Those who knew the Hockensmiths and Keith have suggested Keith ran into financial hardships recently.
Records on file in Boyle County Circuit Court show Keith defaulted on credit card debts totaling about $100,000 from four different companies since 2010. Another case in Pulaski County stated Keith owed $17,000 to another credit card company, but it was dismissed in January only to be reopened in June in Boyle County.
An anonymous tipster reportedly led police to Keith. Court documents allegedly detail a conversation Danville investigators had with a person from Michigan who has asked to remain anonymous. According to published reports, the caller told police that Keith, without being asked, said where he was on Sept. 20, the day of the shootings.
The documents also state that Keith offered the caller a scenario of what happened at ABC Gold Games and More and that Keith told the caller it was a “hit” on the gold broker Smith, who was allegedly known to have as much as $40,000 on him while selling precious metals.
The documents allege that the anonymous caller asked Keith if the Hockensmiths were just innocent bystanders. Keith allegedly told the caller that the Hockensmiths were not innocent and that they “had cost him a lot of money” during the time he did business with them.
During Wednesday’s arraignment, Boyle County District Judge Jeff Dotson ordered that Keith remain held without bond until a preliminary hearing the case, scheduled for next Wednesday, Oct. 23.