Bossier City man gets 10 months for bankruptcy fraud - KATC Lafayette News
SHREVEPORT, La. (AP) - Federal prosecutors say a Bossier City man has been sentenced to 10 months in prison for hiding his business assets during bankruptcy proceedings. Attorney Stephanie Finley, in a news release, says U. S. District Judge Elizabeth Foote sentenced 43-year-old John Santoro on one count of concealment of assets in a bankruptcy proceeding. Santoro filed for Chapter 7 bankruptcy protection on May 20, 2011, as the owner and for Santoro's Catering Inc. After filing, Santoro had a third party sell a 2007 Dodge Ram 3500, which belonged to the business, and some of the company's catering equipment. Evidence shows he failed to disclose that information to the bankruptcy trustee or list it on his bankruptcy petition as required. Source: www.katc.com
