T-Green Carting Managing Member Pleads Guilty of Bankruptcy Fraud

by San Antonio Attorney

Anthony Green, a managing member of a garbage collection company called T-Green Carting, has admitted in court that he embezzled funds during the company’s bankruptcy restructuring.

He pleaded guilty before Hartford District Judge Michael P.  Shea.

Green is slated to face the federal judge once more on April 29.  He could face a five-year imprisonment, a $250,000 fine, in addition to paying back the money he placed in his personal accounts.

According to the U.S.  Attorney for Connecticut, Deirdre M.  Daly, Green was a managing member of a trash pickup business named T-Green Carting, LLC.

It was in 2012 when T-Green Carting filed for Chapter 11 bankruptcy.  While the case was being heard, Green was supposed to put all of the payments received for the company’s services into a debtor-in-possession account.

But Green did not follow through, according to the federal prosecutors.

In a statement prepared by Daly, he revealed that starting around April 2012 until May 2013, Green deposited $160,000 cash that was supposed to go to the T-Green bankruptcy estate, to his personal accounts.  Moreover, he also took money out of the debtor-in-possession account that caused about $18,700 loss from the bankruptcy estate.

This bankruptcy fraud case was probed by the Federal Bureau of Investigation along with the Greenwich Police Department.  Assistant U.S.  Attorney Heather Cherry is the prosecutor of the case.

A bankruptcy case will be dismissed by the court if the file commits fraud.  More often than not, the court will not discharge the debts so the debtor will continue to be liable for them.

Avoiding bankruptcy fraud is enough reason to accomplish the paperwork properly.  To make sure you do not cause problems during the bankruptcy process and avoid costly omissions or errors, it is advisable to talk with a bankruptcy attorney for advice.

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