Posts Tagged ‘mckmama bankruptcy’

Real Housewives Teresa Giudice Fraud Indicment

teresa-giudice-mckmama-indictment

Yesterday Teresa Giudice and Guiseppi (Joe) Giudice were indicted by a federal grand jury in Newark, New Jersey on the following charges:

  • Conspiracy to Commit Mail Fraud and  Wire Fraud
  • Bankruptcy Fraud
  • Bankruptcy Fraud – Concealment
  • Bankruptcy Fraud – False Oaths
  • Bankruptcy Fraud – False Declarations
  • Failure to Make Tax Return

The mail fraud and wire fraud counts are related to false statements and documents that the Giudices allegedly submitted in order to get loans. Banks which loaned the Giudices money included Park Avenue Bank, Wachovia (now Wells Fargo), Sterling Bank, and Community Bank of Bergen County.  Non-bank lenders include HomeComings Financial Network, Eastern American Mortgage, and Alterna Mortgage.

Getting Away With Bankruptcy Fraud?

Dumb and Dumber

Bankruptcy Fraudsters Jennifer McKinney and Israel McKinney

For the last several months, we have been following the story of Jennifer “MckMama” McKinney and her bankruptcy filing from nearly a year ago. By spring, trustee Gene Doeling had her number, and was preparing to file a motion objecting to the bankruptcy. In not so many words, Mr. Doeling alleged fraud against Jennifer and Israel McKinney, saying things such as manipulated, destroyed, concealed, falsified, false, and intentionally.

In my first story on the MckMama bankruptcy, I detailed the lies and deception of Jennifer Howe Sauls McKinney, both to her blog readers and to the bankruptcy court. Why such a public discussion of this case? There are two reasons. First, bankruptcy itself is a public process. The documents are readily available on Pacer, the federal government’s online warehouse of court documents.

More on Committing Bankruptcy Fraud

We’ve been discussing here the case of Jennifer McKinney (aka MckMama) and Israel McKinney (dba Kieran’s Contracting) and their alleged fraud perpetrated on the bankruptcy court. Questions have been raised about the likelihood of the McKinneys facing criminal charges, despite a quiet resolution to their original bankruptcy filing (they have waived bankruptcy and can never have those debts discharged in bankruptcy in the future) and the related case filed by trustee Gene Doeling objecting to the discharge of their bankruptcy (resolved with the McKinneys paying $3,500, the value of some of the assets they failed to disclose, and therefore were non-exempt and could be used to pay creditors).

The bankruptcy of Todd Brunner, a Milwaukee area landlord, was thrown out by a judge earlier this year after it was discovered that he did not disclose all his assets. He had $19 million in debts, so not being able to ditch out of them in bankruptcy was probably pretty painful. (The IRS alone says he owes $400,000 to them, but since he hasn’t filed a tax return since 2008, who knows how much higher the real number could be.)

Examining MckMama’s Automobile Accidents

If you’re not interested in the saga of the bankruptcy fraud allegedly committed by Jennifer McKinney (blogger “MckMama”) and her husband Israel, skip this article. In the latest turn of events, MckMama has claimed to have two serious car accidents in the past 8 months that have landed her in the hospital. And oddly enough, both “accidents” occurred when MckMama was alone in the vehicle.

What’s curious about this is that MckMama, the woman who obsessively photographs everything about her life and posts oodles of pictures on the internet, never posted any pictures of her damaged vehicle. Two major accidents in 8 months, and no pictures to share with her loyal readers?

Expert Fraud Investigation
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CPA's Handbook of Fraud and Commercial Crime Prevention
Essentials of Corporate Fraud
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