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Category Archives: Bankruptcy
Former Paralegal for Chicago Law Firm Charged With Embezzling Bankruptcy Estate Funds
A former paralegal for a Chicago law firm has been indicted for allegedly embezzling more than $600,000 from bankruptcy estate accounts. Becky Sutton fraudulently embezzled the funds from 2009 to 2018 while working on bankruptcy matters at the firm, according … Continue reading
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Tennis Champion Boris Becker Jailed for Two and a Half Years for Hiding Assets from Bankruptcy
Grand Slam champion Boris Becker has been jailed for two and a half years after hiding assets and debts worth more than £2.5 million after being declared bankrupt. The three-time Wimbledon winner deliberately transferred money to family and associates when … Continue reading
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Three Family Members Sentenced in USDA Crop Loan and Bankruptcy Fraud Schemes
Aimee and Donald Rosenbaum, along with their son, Marshal Rosenbaum were recently sentenced in federal court for their roles in crop loan and bankruptcy fraud schemes. Aimee was sentenced to 78 months of imprisonment and faces hefty fines, fees, and … Continue reading
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Exiled Chinese Billionaire Guo Files for Bankruptcy After Yacht Spat
Guo Wengui, the exiled Chinese businessman and former partner of Trump political strategist Steve Bannon, filed for bankruptcy less than a week after a judge ordered him to pay $134 million for moving and keeping a yacht out of the … Continue reading
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Doja Cat, Iggy Azalea Partner BH Cosmetics Files for Bankruptcy
BH Cosmetics, which recently created makeup lines with Doja Cat and Iggy Azalea, has filed for bankruptcy. The cosmetics brand filed for chapter 11 bankruptcy protection on Jan. 14, with plans to sell its intellectual property for $4.3 million. BH … Continue reading
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Former Billionaire Suing Montana Over Forced Bankruptcy
A former billionaire, Tim Blixseth, has filed a lawsuit against Montana’s Department of Revenue seeking hundreds of millions of dollars in damages along with attorneys fees after a federal judge ruled the state wrongfully tried to force him into bankruptcy … Continue reading
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Financial Adviser Barred by SEC, Files for Bankruptcy
A former financial adviser barred from the industry over accusations he defrauded clients has filed for bankruptcy. Michael F. Shillin filed for chapter 7 at the end of November in U.S. Bankruptcy Court for the Eastern District of Wisconsin. He … Continue reading
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Toys ‘R’ Us Directors Face New Fraud Claims Over Bankruptcy
Toys “R” Us board members and owners face new allegations of fraud and breach of duty over the company’s 2017 bankruptcy. Creditors claim in ongoing litigation that seven company directors have now said they knew they shouldn’t have approved executive … Continue reading
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Illinois Attorney Sentenced to 2 Years on Bankruptcy Fraud Charges
Kevin Johnson (aka “K.O. Johnson”) of Sycamore, Illinois, was sentenced to spend 2 years in federal prison for bankruptcy fraud. Johnson was found guilty in August on four counts of bankruptcy fraud, one count of making a false entry in … Continue reading
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Former Colts Linebacker Gary Brackett Is Putting his Super Bowl Ring Up for Auction Amid Bankruptcy Proceedings
Former Colts linebacker Gary Brackett is putting his Super Bowl XLI ring, as well as his AFC Championship rings, up for auction. Bracket played for the Colts from 2003-2011 and won the 2007 Super Bowl against the Chicago Bears. Bracket … Continue reading
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