- 16 -
$126,127, respectively (or, in other words, a total of
$1,201,974).
IX. The Criminal Proceeding of the Bussells and Sherman
On July 5, 2000, the Bussells and Sherman were indicted for
various counts related to bankruptcy fraud and attempted tax
evasion. Petitioner, in particular, was indicted for: (1) One
count under 18 U.S.C. sec. 371 of conspiracy; (2) three counts
under 18 U.S.C. secs. 2 and 152(1) of concealing assets in
bankruptcy; (3) two counts under 18 U.S.C. secs. 2 and 152(3) of
making a false declaration and statement in bankruptcy; (4) one
count under 18 U.S.C. sec. 152(2) of making a false oath and
account in relation to a case under title 11; (4) one count under
section 7201 and 18 U.S.C. sec. 2 of attempted evasion of the
payment of tax for 1983, 1984, 1986, and 1987; and (5) one count
under section 7201 and 18 U.S.C. sec. 2 of attempted evasion of
the assessment of tax for 1996. The conspiracy count related to
the Bussells’ conspiring with Sherman and Beaudry to form the
three corporations to conceal the Bussells’ assets and to make
false statements as to the Bussells’ bankruptcy. The conspiracy
count in relevant part alleged that the Bussells, aided by
Sherman and Beaudry, made false statements in the Bussells’
bankruptcy proceeding when they failed to disclose the Bussells’
beneficial ownership of BBL and BHDMC. Two of the three counts
of concealing assets related to the substance of this allegation.
Page: Previous 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 NextLast modified: May 25, 2011