Sean Phillip Tissue, Bankruptcy Fraud, Michigan 2022

A real estate investor from Georgia has been indicted on multiple counts of bankruptcy fraud, totaling over $1.1 million, in a Detroit federal court.

Sean Phillip Tissue, 37, of Social Circle, Georgia, and formerly of Rochester, Michigan, was previously charged in a $600,000 wire fraud scheme in 2022. His indictment now includes charges of concealment of assets, false oaths, false declarations, withholding recorded information, and a bankruptcy fraud scheme.

Tissue is the owner of numerous companies, including Greystone Home Builders, Sycamore Homes, Sycamore Construction, Lenovo Homes, and Metro Detroit Home Solutions.

According to United States Attorney Dawn N. Ison, Tissue used legitimate companies, sophisticated methods, and lies to defraud potential real estate investors, many from outside the United States. He then declared a fraudulent bankruptcy to avoid repaying his victims.

This indictment demonstrates our commitment to ensuring the integrity of our bankruptcy system, Ison said. The investigation is being conducted by the Federal Bureau of Investigation, and the United States Trustee’s Office provided assistance.

Tissue faces up to 5 years in prison, a $250,000 fine, and up to 3 years supervised release. An indictment is only a formal charging document and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.

The investigation of this case is ongoing, and Tissue’s next court appearance is pending. The United States Attorney’s Office and the Federal Bureau of Investigation will continue to work together to ensure that those who commit fraud while applying for relief from the government are held accountable.

Assistant U.S. Attorney Craig Weier and Special Assistant U.S. Attorney Richard Roble are prosecuting the case.

Tissue’s indictment serves as a reminder of the consequences of committing bankruptcy fraud and the importance of transparency in financial dealings.

Related Federal Cases