I previously posted a note on the penalty for omitting relatively insignificant assets from bankruptcy schedules — The Price is High For False Bankruptcy Schedules.  This morning I ran across a couple other instances to drive this point home —

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."