Fredrick Baunee collects pension and retirement benefits.
Former Syracuse Police Fredrick Baunee, who admitted to running a youth drug ring, has filed for bankruptcy. Syracuse, NY - A former Syracuse police officer facing state prison for sexually abusing two boys and running a drug ring from his home is also facing financial woes.
Fredrick J. Baunee, 49, of Camillus, recently filed for bankruptcy.
According to the bankruptcy filing, Baunee lists assets of $111,025 and debts of $303,426. He also indicated he has a monthly income of $3,147.97 from pension and retirement benefits but monthly expenses of $3,272.44, including mortgage payments and child support.
Baunee’s bankruptcy papers indicate he receives a $37,776 annual pension. State records, however, place his pension at $49,315. His lawyer, Samuel Costa did not return phones messages Monday and Tuesday.
The court papers indicate Baunee’s debts are primarily consumer debts. The largest debt listed is for $100,000 to the Seneca Insurance Company.
Papers filed in the Onondaga County Clerk’s Office show that is to cover the insurance company for a $100,000 bail bond posted to get Baunee released from the Justice Center jail in August.
Last month, Baunee pleaded guilty before County Judge Anthony Aloi to two felony counts of first-degree sexual abuse involving allegations he engaged in sexual conduct with a 14-year-old boy and a 15-year-old boy while they were sleeping at his home.
He also pleaded guilty to a felony charge of fourth-degree conspiracy involving allegations he sold marijuana to numerous youths and had some of them sell marijuana for him to their friends.
The charges were contained in a 46-count indictment filed against Baunee in May. He’s due to be sentenced next month to seven years in state prison.