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New Orleans Man Charged with Concealment of Bankruptcy Assets
A 37-year-old New Orleans man has been charged with concealing assets in a bankruptcy case, according to federal authorities.
Joshua Borges, 37, was indicted by a federal grand jury on April 28, 2023, for Concealment of Assets, in violation of Title 18, United States Code, Section 152(1), announced United States Attorney Duane A. Evans.
According to the indictment, Borges knowingly and fraudulently failed to disclose property that belonged to him in Bankruptcy Case No. 18-10985, titled In re Joshua Borges, specifically, $9,000.00 in cash on hand, and his business interest in Elite Enterprise Holding, LLC, which had a value of at least approximately $89,771.08, to the trustee charged with control of the debtor’s property as well as to the creditors and the United States Trustee.
United States Attorney Evans reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
The alleged concealment of assets occurred on or about April 17, 2018, in the Eastern District of Louisiana, officials said. Borges faces a maximum penalty of five (5) years imprisonment, followed by up to three (3) years of supervised release, a fine of up to $250,000.00, and a mandatory $100 special assessment fee if convicted.
The U.S. Attorney’s Office acknowledged the assistance of the Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigations, and the Office of the U.S. Trustee for the Eastern District of Louisiana with this matter.
The prosecution of this case is being handled by Assistant U.S. Attorneys Edward Rivera and Andre Lagarde of the Financial Crimes Unit.
Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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