Bruce Polczynski, Bankruptcy Fraud, Wisconsin 2023

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Minocqua Man Convicted of Bankruptcy Fraud

A Minocqua man has been convicted of bankruptcy fraud for attempting to conceal assets from the U.S. Bankruptcy Trustee. Bruce Polczynski, 57, was sentenced to three years of probation and a $1,000 fine.

According to prosecutors, Polczynski lied to the U.S. Bankruptcy Trustee about the value of a 1969 Dodge Charger replica of the General Lee vehicle from the Dukes of Hazard television show and a 1979 Pontiac Firebird Trans Am. The vehicles were eventually sold to pay creditors.

U.S. Attorney Timothy M. O’Shea noted that Polczynski’s deception was quickly discovered and that the bankruptcy system relies on honesty from those who engage with it. “Polczynski’s story, where he was quickly stripped of the assets he tried to hide, suffered the embarrassment of federal prosecution, and received a felony conviction, is a compelling cautionary tale for anyone considering bankruptcy fraud,” O’Shea said.

Chief U.S. District Judge James D. Peterson imposed the sentence, noting that while three years of probation was the “just sentence” given Polczynski’s health and financial circumstances, a prison term may be required in other bankruptcy fraud cases to “amplify” the general deterrence message.

The charge against Polczynski was the result of an investigation conducted by the Office of the United States Trustee and the Federal Bureau of Investigation. U.S. Attorney Timothy M. O’Shea prosecuted this case.

Bankruptcy fraud is a serious offense that can result in severe penalties. In this case, Polczynski’s sentence serves as a reminder of the importance of honesty when dealing with the bankruptcy system.

The investigation and prosecution of Polczynski’s case highlights the dedication of law enforcement agencies and prosecutors to upholding the law and protecting the public from white-collar crimes.