Virginia CEO convicted of fraud charges connected to personal bankruptcy

The CEO of a personal jet constitution corporation in Virginia has been convicted of various fraud charges tied to a personal bankruptcy scenario in which he discharged about $6 million in own credit card debt, according to a federal prosecutor.

ALEXANDRIA, Va. (AP) — The CEO of a private jet constitution business in Virginia has been convicted of various fraud fees tied to a bankruptcy case in which he discharged over $6 million in particular personal debt, in accordance to a federal prosecutor.

The U.S. Attorney’s Office environment for the Japanese District of Virginia claimed Alan Russell Prepare dinner, Sr., 64, of Reston submitted for Chapter 7 personal bankruptcy in his personal potential as president and CEO of an aviation company.

Ahead of the filing, Prepare dinner transferred around $350,000 to his previous girlfriend and had her open accounts in her name and in the title of a bogus company to get his personalized house and income from the enterprise, prosecutors claimed.

Cook dinner also failed to disclose several bank accounts and more than $50,000 in on line casino funds-outs. At a conference of his lenders, Prepare dinner manufactured phony statements beneath oath, such as that his company was shut down for 4 to five months and created no money in 2017 when it actually produced earnings in each month that year.

Prepare dinner further more unsuccessful to disclose building payments for his girlfriend’s luxury car and his accessibility to the fraudulent bank account.

Prepare dinner faces up to 20 decades in prison when sentenced in April 2022.

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