Background:
- Debtors filed fraudulent tax returns.
- Debtor and his wife filed for Chapter 7 relief twice
- Government alleged that Debtors not only failed to disclose all of their assets but also provided false testimony at the hearing.
Court Ruling:
- Debtors found guilty by a jury: 1 count of conspiracy to commit tax fraud, 2 counts of making false declarations, 2 counts of concealment of property in bankruptcy and 3 counts of false testimony in a bankruptcy proceeding.
I cannot stress enough that, when you come to the United States Government for bankruptcy relief, honesty is essential.
These Debtors still have all their debts and now are doing time in prison.
