Marcus A. Collier, Bankruptcy Fraud, Rhode Island 2018

Pawtucket Resident Sentenced for Concealing Assets from Bankruptcy Court

A shocking case of bankruptcy deception has come to light in Rhode Island, as 47-year-old Marcus A. Collier of Pawtucket faces the music for his role in concealing $18,000 from the U.S. Bankruptcy Court. The defendant's actions led to a guilty plea on April 27, 2018, and a subsequent sentencing hearing on an undisclosed date.

According to sources, at the time of his guilty plea, Collier admitted to withdrawing the cash from his bank account and failing to disclose the existence of the $18,000 in cash when filing for bankruptcy protection. This deception led to a concealment of assets charge against Collier, a crime punishable by law.

The case was investigated by the FBI, with the assistance of the U.S. Trustee, and was prosecuted by Assistant U.S. Attorney Denise M. Barton. The sentence handed down by U.S. District Court Chief Judge William E. Smith reflects the severity of Collier's actions.

Collier's sentence includes two years of probation, with the first six months to be served under electronic monitoring and an overnight curfew. In addition to this, he has been ordered to perform 100 hours of community service and pay a fine of $4,000.

The case serves as a reminder of the importance of honesty and transparency in financial dealings. As we continue to navigate the complexities of the banking system, it is crucial that individuals and businesses uphold the law and disclose all assets when seeking bankruptcy protection.

The matter was announced by United States Attorney Stephen G. Dambruch, Special Agent in Charge of the FBI Boston Division Harold H. Shaw, and William Harrington, U.S. Trustee for Rhode Island, Massachusetts, Maine, and New Hampshire.

Source: https://www.justice.gov/usao-ri/pr/pawtucket-resident-sentenced-concealing-assets-bankruptcy-court