Bankruptcy Fraud

Bankruptcy Fraud

The deliberate attempt to discharge or restructure debts without needing to do so. One may accomplish bankruptcy fraud in a variety of ways, such as hiding assets or filing frequently. In the United States, bankruptcy fraud is punishable by five years in prison and/or a $250,000 fine.
References in periodicals archive ?
trustee was done as part of an examination into allegations of bankruptcy fraud against the couple.
The reality star was released from prison in March 2018, after serving a 366-day sentence for bankruptcy fraud, and a month later she was experiencing "excruciating neck pain".
According to (https://www.tmz.com/2019/03/15/teresa-giudice-joe-ice-custody-prison-release-brother-book-release-party/) TMZ , Joe was officially released from prison on Thursday after serving 36 months for conspiracy to commit wire and bankruptcy fraud. But he was immediately taken to the Clinton County Correctional Facility in McElhattan, Pennsylvania.
On December 29, 2017, Moscow's Tverskoy District Court sentenced Browder to nine years behind bars in absentia, having found him guilty of tax evasion to the tune of more than 3 bln rubles ($45.5 mln) and bankruptcy fraud. His business partner Ivan Cherkasov was sentenced to a similar prison term.
The panel in Ohio found 42-year-old Kevin Foster of Montclair, New Jersey, guilty of wire fraud, money laundering, bankruptcy fraud, tax evasion and filing false tax returns last week.
Charlise Williams<br />Case No.: 17-2244<br />Officials: FLAUM, SYKES, and HAMILTON, Circuit Judges.<br />Focus: Sentencing Guidelines Enhancement <br />Charlise Williams was charged in a five-count indictment for bankruptcy fraud. After a week- long jury trial, she was found guilty on all counts and sentenced to a below-Guidelines prison term of 46 months.
Sunshine Capital provides consulting and training services on business and investment fraud, bankruptcy fraud and asset recovery to the security industry.
The Financial Industry Regulatory Authority said Monday that it barred James Van Doren, a former Citigroup broker, from the securities industry for unethical conduct involving money laundering and a scheme to deceive a friend's creditors and facilitate violations of law, including conspiracy to commit bankruptcy fraud.
Attorney in Chicago, where oversaw the bankruptcy fraud program at the U.S.
Department of Justice for almost eight years, John has litigated a broad range of tax matters, including those related to foreign tax credits, tax shelters, enforcement, and bankruptcy fraud, among others.
Other potential offenses that often accompany tax fraud are bankruptcy fraud, structuring, money laundering, and unreported foreign bank accounts.
Southern is also charged with wire fraud and various bankruptcy fraud charges.

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