Todd Allen Fulcher, Bankruptcy Fraud, North Carolina 2024

Todd Allen Fulcher, 49, has been sentenced to six months in prison for his role in a complex bankruptcy fraud scheme.

Raleigh, NC – In a federal court in Raleigh, United States District Judge Terrence W. Boyle handed down the sentence to Fulcher, who will serve six months behind bars, followed by three years of supervised release, and an order of restitution.

Fulcher, the owner of Fulcher Tire Sales & Service, Inc., was accused of devising a scheme to defraud creditors through false statements and concealed assets during a Chapter 13 bankruptcy proceeding in the Eastern District of North Carolina.

According to the investigation, Fulcher knowingly made false statements on his bankruptcy Schedules and Statement of Financial Affairs, concealed bank account information, income information, and real estate located in Trenton, North Carolina, among other assets.

The scheme, which spanned from January 9, 2010, to November 2011, also involved the concealment of personal property belonging to the estate, including a boat, firearms, and a motorcycle, as well as vehicles belonging to Fulcher Tire Sales & Service, Inc.

Fulcher’s actions led to contempt orders from the United States Bankruptcy Court for the Eastern District of North Carolina, and he was previously detained for failing to attend creditors’ meetings and abide by the court’s orders.

The investigation was conducted by the Federal Bureau of Investigation, with Assistant United States Attorney S. Katherine Burnette prosecuting the case on behalf of the government.

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