Related Federal Cases
Bankruptcy Fraud Lands Iowa Man in Prison
A former Iowa resident, Branden Patten, 40, of Colorado Springs, CO, was sentenced to 1 year in federal prison for making a false declaration in a bankruptcy proceeding.
Patten, a former resident of Toddville, Iowa, pleaded guilty on September 23, 2015, to one count of making a false declaration in a bankruptcy proceeding. He was sentenced by United States District Court Chief Judge Linda R. Reade in Cedar Rapids.
According to court documents, Patten knowingly failed to disclose several assets in his bankruptcy filings, including signatory authority over three bank accounts for his son’s corporations, a boat lift, a $1,000 deposit to a Canadian resort, and a lease interest in a BMW.
Patten also failed to disclose a new corporation he had formed in June 2012 called ‘Mission Slimpossible, LLC’, as well as a 26-foot boat and trailer titled in his own name, which he had purchased in 2009 using a $50,000 line of credit.
Patten was fined $3,000 and ordered to repay the Federal Public Defender $3,300. He must also serve a 3-year term of supervised release after his prison term.
The case was prosecuted by Assistant United States Attorney Tim Vavricek and investigated by the United States Department of Justice, Office of the United States Trustee, and the United States Postal Inspection Service.
Patten is set to surrender to the United States Marshal in Denver, Colorado, later this month.
Key Facts
- State: Iowa
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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