Ricardo O Curry II, Bankruptcy Fraud, Maryland 2024

Ricardo O. Curry II, a 42-year-old Randallstown man, has been convicted of bankruptcy fraud and filing false tax returns, according to a federal jury verdict announced by United States Attorney Rod J. Rosenstein.

Curry was convicted of two counts of assisting in the filing of a false tax return, four counts of bankruptcy fraud, four counts of falsifying bankruptcy records, and one count of false testimony under oath at a bankruptcy proceeding.

The jury returned its verdict after a three-day trial, during which evidence was presented showing that Curry worked for Peerless Real Estate Services, Inc., a North Carolina corporation that oversaw the sale of property in North Carolina, including the Village of Penland development, which contained over 2,000 lots.

Curry recruited at least 12 investors to purchase at least 23 lots in the Village of Penland and earned referral fees based on these sales. In 2005, 2006, and 2007, Curry earned referral fees totaling $415,201, which he failed to report on his tax returns.

On March 12, 2009, Curry filed for Chapter 13 bankruptcy in the United States Bankruptcy Court for the District of Maryland. He filed a Statement of Financial Affairs with the bankruptcy court, which reported the income he earned as a pharmaceutical sales representative, but failed to report the referral fees from Peerless.

Curry also failed to disclose his ownership interest in a home worth approximately $325,000. He testified under oath at a meeting of the creditors, falsely stating that all of his assets were listed in his bankruptcy filing.

As a result of his actions, Curry’s attempt to discharge his debts through bankruptcy was denied. He faces a maximum sentence of 20 years in prison on each count of falsifying bankruptcy records, five years in prison on each count of bankruptcy fraud and for false testimony, and three years in prison for each of the tax counts.

Curry is scheduled to be sentenced on June 4, 2013, at 1:00 p.m. before U.S. District Judge William D. Quarles Jr.

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