Wednesday, March 5, 2014

Real Housewives of Bankruptcy Fraud

The long-awaited trial of the Giudice family has ended with a plea.  Rarely does bankruptcy fraud hit the news.  Go here for an in-depth review of the case.  But, when bankruptcy fraud does hit the news, I'm fixated on the progress of the case (which is frequently unknown given the slow wheel of federal cases).  But, this ended in a not-so-unsurprising way.

Any Bucks County bankruptcy lawyer who has done this long enough has had a client try to commit fraud, either from not disclosing property or income to more nefarious reasons.  Anytime I catch a sniff of fraud, I'm out.  The client gets their money back and the petition is never filed.  It's not worth it.  And, as you can see, it is not worth it for the person committing the fraud.

Sentencing is in July and, after discussions with a Lehigh County criminal lawyer, we both agree that there is a very strong possibility of 12 months incarceration for her and 24+ months for him.

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