Penh Kang, Making a False Declaration, Louisiana 2020

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Covington Man Pleads Guilty to Making a False Declaration in Bankruptcy Case

A Covington man has pleaded guilty to making a false declaration in connection with a bankruptcy case, announced United States Attorney Peter G. Strasser.

Penh Kang, age 41, of Covington, Louisiana, entered a plea of guilty on October 6, 2020 to Making a False Declaration, in violation of Title 18, United States Code, Section 152(3).

According to documents filed in federal court, on or about September 12, 2017, in the Eastern District of Louisiana, Kang knowingly and fraudulently made a material false declaration, certificate and verification under the penalty of perjury, as permitted under Section 1746 of Title 28, in and in relation to a case under Title 11, In re Penh Kang, No.17-12431, by submitting a Schedules of Assets and Liabilities and a Statement of Financial Affairs, in which he fraudulently answered questions, in that Kang failed to disclose gambling losses of approximately $40,000 to $60,000, an interest in two Capital One Bank accounts, and a $50,000 life insurance policy.

Kang faces a maximum penalty of five (5) years imprisonment and/or a fine of $250,000 or the greater of twice the gross gain to the defendant or twice the gross loss to any person under Title 18, United States Code, Section 3571.

Kang will be sentenced by U.S. District Judge Greg G. Guidry on January 5, 2021.

The U.S. Attorney’s Office would also like to acknowledge the assistance of the Federal Bureau of Investigation 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. Attorney Brian M. Klebba, Supervisor of the Financial Crimes Unit.

Mandatory Facts: Defendant’s full name: Penh Kang; exact criminal charge: Making a False Declaration; city and state: Covington, Louisiana; exact date: September 12, 2017; sentence or outcome: awaiting sentencing; dollar amounts: $40,000 to $60,000, $250,000.