KRS 517.060: Defrauding secured creditors.

(1) A person is guilty of defrauding secured creditors when he destroys, damages,

removes, conceals, encumbers, transfers, or otherwise deals with property subject to

a security interest with intent either to lower the value of the secured interest or

unlawfully to hinder enforcement of that interest.

(2) Defrauding secured creditors is a Class A misdemeanor unless the value of the

property subject to the security interest is:

(a) Five hundred dollars ($500) or more up to ten thousand dollars ($10,000), in

which case it is a Class D felony; or

(b) Ten thousand dollars ($10,000) or more, in which case it is a Class C felony.