Wednesday, September 4, 2013

Vandevort bankruptcy conviction upheld by 9th Circuit 8-29-13

Vandevort, from Bel Air, was convicted of bankruptcy fraud for concealing assets and threatening a private investigator with a golf club who was trying to serve his wife with a subpoena. After the assault, Vandervort called the police and reported a home invasion.

Vandevort “withdrew the equity in his residence, hid it in an escrow company’s bank account, purchased the Wyoming property with the equity money in his mother-in-law’s name, opened bank accounts in the name of Always There Nursing Care Associated LLC and diverted the revenue from ATNC to these accounts, used straw persons as signatories to the bank accounts and the officers of his business entities, transferred this interest in ATNC to [his wife], and filed his bankruptcy petition in Wyoming,” prosecutors said in summarizing Vandevort’s bankruptcy fraud scheme in a sentencing memo to the court.

Vandevort decision

FBI Press Release from 2011

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