Bankruptcy Fraud -- Just Say No
United States v. Zoher, 2006 WL 2163107 (3rd Cir. August 2, 2006). Two years in federal prison for one count of bankruptcy fraud. The debtor opened thirty-four credit accounts by misrepresenting his income, made purchases and took cash advances totaling $386,000, then filed a bankruptcy petition.
Man Who Filed For Bankruptcy Charged With Concealing Assets. Six counts of bankruptcy fraud for failing to schedule assets in his bankruptcy five years earlier. "He is being held in federal custody in lieu of 75-thousand dollars surety bond."
We are wondering why its taking so long for a arrest of a family member who committed bankruptcy fraud - omitting assets worth about $30,000 which the Trustee seized, but also they had put down fictitious mortgages and lied about the equity of the home on the petition. Also been notified the Federal Bank whom she had onced worked at, which she had lied on the application of $90,000, for a Home Improvement Loan. One of the many lies was about their income and instead of using it on the home they kept the money for themselves. No payments have been made on that loan for the last two years... so we are wondering when will it finally go to trail, as of a few months ago it was still in the investagation stages. They did more ..... alot more. New York State