Idaho Falls man sentenced to federal prison for concealing assets in bankruptcy proceeding
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The following is a news release from U.S. Attorney’s Office for the District of Idaho.
POCATELLO – Andrew Welch, 46, of Idaho Falls, was sentenced in U.S. District Court to five years in federal prison for concealment of assets, U.S. Attorney Bart M. Davis announced today. Chief U.S. District Judge David C. Nye also ordered Welch to pay a $25,000 fine, and to serve one year of supervised release following his prison sentence. Welch pleaded guilty to the charge on July 29, 2020. As part of the plea agreement, Welch also agreed to forfeit $25,000.
Idaho Falls Man Sentenced to 5 Years for Knowingly and Fraudulently Concealing Assets in Bankruptcy Proceeding justice.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justice.gov Daily Mail and Mail on Sunday newspapers.
POCATELLO â Andrew Welch, 46, of Idaho Falls, was sentenced in U.S. District Court to five years in federal prison for concealment of assets, U.S. Attorney Bart M. Davis announced Tuesday.
Chief U.S. District Judge David C. Nye also ordered Welch to pay a $25,000 fine, and to serve one year of supervised release following his prison sentence. Welch pleaded guilty to the charge on July 29, 2020. As part of the plea agreement, Welch also agreed to forfeit $25,000.
According to court records, Welch, a former pharmacist in Ketchum, Idaho, filed a voluntary Chapter 7 bankruptcy petition on April 3, 2014, after the Idaho State Board of Pharmacy revoked his pharmacist license. In the bankruptcy petition, signed under penalty of perjury, Welch listed significant debts and almost no assets.
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“Statue of Justice – The Old Bailey” by Ronnie Macdonald is licensed under CC BY 2.0 CC BY 2.0
Indianapolis, IN-(ENEWSPF)- Acting United States Attorney John E. Childress announced Thursday that Daniel R. Fruits, 46, of Greenwood, Indiana, was charged by a federal grand jury for his alleged role in three separate fraud schemes, including a nearly $14 million fraud on an investor, an attempted mortgage fraud, and a vehicle title-washing scheme.
“This financial investor gave his hard-earned money to someone whom he thought he could trust,” said Childress. “Instead, the victim’s money ended up in the hands of a self-absorbed thief who only cared about his interests. Living a life of fraud is inexcusable and always comes to an end.”
Greenwood Man Faces Federal Charges for Fraud Scheme insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.