developments

District court vacates conviction for not disclosing closed bank account; held false statement not material

November 06, 2008 20:52

Does a false declaration made knowingly and fraudulenly in a bankruptcy case need to be "material" to constitute a bankruptcy crime? The statute prohibiting such statements (18 U.S.C. 152(3)) does not expressly say so but for years courts have held...Does a false declaration made knowingly and...

New Jersey man convicted and sentenced for lying in bankruptcy case about closed bank accounts

October 31, 2008 22:39

Updating a case we reported on earlier (here) Moty Rosenkrantz a/k/a Michael Rosenkrantz, the owner of B&W Motor Cars, pled guilty to structuring banking transactions to avoid reporting requirements and making a false oath in a bankruptcy case. The defendant...Updating a case we reported on earlier...

Lawyer granted immunity for testimony in clients' prosecution for bankruptcy fraud

October 30, 2008 23:34

According to this news report, a Saratoga Springs lawyer whose firm helped its clients Ronald and Esther Persaud file bankruptcy petitions has been granted testimonial immunity as a government witness in the criminal trial of the Persauds on charges including...According to this news report, a...

Gary Peel sentenced on bankruptcy bribery charges; files 7th Circuit appeal

October 30, 2008 22:54

We have a (belated) update regarding Illinois attorney Gary Peel who was convicted on bankruptcy bribery, obstruction of justice and child pornography charges in a case whose background is discussed here and here. Since we last reported, Judge Stiehl denied...We have a (belated) update...

Andrew Yao sentenced for false oaths in bankruptcy deposition

October 30, 2008 01:52

Updating a story we reported on here and here, Andrew N. Yao, former Student Finance Corp. chief executive, was sentenced in the District of Delaware to a year and a day in prison on each of two counts of making...Updating a story we reported on here and here,  Andrew N. Yao, former Student...