Law Office of Camron Hoorfar, PC

Andrew Welch, an Idaho pharmacist, filed a voluntary Chapter 7 bankruptcy petition. He signed it and its supporting documents, listing general unsecured debts adding up to $273,840.88. Welch falsely claimed he did not own any real property and that his personal property was only worth $13,564.60 but he intentionally and illegally neglected to reveal that he transferred more than $250,000 to an investment account in someone else’s name. Those transfers transpired  through cashier’s checks, cash deposits, wire transfers and money orders starting in September 2012 through January 2015. Welch’s sentencing is set to for October 14th, 2020 in which he will face 5 years in federal prison and maximum fine of $250,000 and a year of supervised release due to his false claims on his petition.   

 Being sued? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

Founder and former CEO of American National Investments of San Diego, Gina Champion-Cain, now faces 15 years in prison after pleading guilty to her part in a Ponzi scheme. The San Diego businesswoman was convicted of taking investor funds, meant for loans for liquor licenses, and laundering the money into her own companies, as well as for her own personal use.

The former American National Investments CFO, Crispin Torres, who played an accomplice to Champion-Cain, also plead guilty. His role in the scheme involved him fabricating receipts, transferring funds to escrow accounts, and opening a bank account under a similar name as the original account used for the investors to deposit their funds into. 100 investors invested over $400 million between the years 2012-2019, one of those investors lost about $1 million alone.

Being sued? Contact our company at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment in our office.

Community State Bank in Wisconsin created an enticement to get their customers and non-customers involved in making a change. The encouragement offering included a $5 bonus for every $100 worth of coins. In just a week, the bank was able to meet their goal and announced the deadline, which had expired earlier this week. The Vice President of Community Bank says this is the newest way to help the coin shortage cause by the pandemic.

This gesture got another bank in Wisconsin, Bank of Sun Prairie, to help support the cause as well, though they were not offering a bonus at this time. According to the Federal Revenue, the coronavirus has taken a huge toll on the coin circulation and the decreased pace of circulation and thus created an insufficient amount of coins.

Confused by the effects of the coronavirus? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.

Believe it or not, some American taxpayers are still awaiting refunds. Sources say, the IRS had stopped processing paper returns due to the coronavirus. This gave taxpayers an extra 3 months to pay if any taxes were owed. A spokesperson from the IRS says, they are strongly encouraging those who still mail paper tax returns to make a switch to electronic. Since reopening, reports show the agency estimated 7.8 million pieces of mail and about 3.6 million of it are unopened returns. Unfortunately, the agency is still isn’t fully staffed, however, no exact date has been released of when those will be processed.

 Inquiring about taxes? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.