Daniel Wise, False Bankruptcy Declarations, Pennsylvania 2015
SCRANTON, Pennsylvania - In a shocking case of financial deceit, former Pike County resident Daniel Wise, 55, has pleaded guilty to making false bankruptcy declarations in connection with his bankruptcy petition filed on November 21, 2012, and making false sworn declarations during a January 14, 2013, creditors’ meeting.
According to United States Attorney Peter Smith, Wise intentionally failed to reveal his ownership of a $2.4 million promissory note, concealing bankruptcy assets and engaging in false bankruptcy oaths. Wise filed three bankruptcy petitions in the Middle District of Pennsylvania between August 14 and November 21, 2012.
The indictment alleged that Wise was actively engaged in litigation over the note in New York, on disclosures that he was required to make in his bankruptcy petitions. At the time of Wise’s first bankruptcy filing, foreclosure proceedings had been initiated against Wise’s Tafton residence in the Pike County Court of Common Pleas.
Wise’s bankruptcy filings resulted in automatic stays of all debt collection proceedings, including the mortgage foreclosure action. Wise’s bankruptcy petitions were eventually dismissed on March 13, 2013.
Wise could be sentenced to 5 years imprisonment and a $100,000 fine on each count. No date has been set for sentencing pending preparation of a pre-sentence report. The case was investigated by the Scranton Office of the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Kim Douglas Daniel.
Indictments and Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.
A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.
The defendant, Daniel Wise, real full name, pleaded guilty to the following criminal charges: making false bankruptcy declarations. The crime occurred in Scranton, Pennsylvania on multiple dates in 2012.
The defendant, Daniel Wise, could face a sentence of up to 5 years imprisonment and a $100,000 fine on each count. The case is ongoing, and no date has been set for sentencing.
The exact dollar amount involved in the case is $2.4 million, which is the value of the promissory note that Wise failed to disclose in his bankruptcy petitions.
Key Facts
- State: Pennsylvania
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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