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H Bruce Bronson claims that for the past 20 years, he has operated on his own. Before that, he served as a partner in several small law firms in New York City. His depth of knowledge in creditor-debtor law gives him a distinctive perspective when advocating for customers. His forte is financial analysis and coming up with original solutions for clients. According to H Bruce Bronson, “Consumers need not feel as though their debt is paralyzing them.” The law offers remedies, and we are here to assist them in exercising their legal rights.
A former law firm partner has been accused of making fraudulent claims to a U.S. bankruptcy court.
To keep a multi-million dollar home and a high-end sports car despite owing millions in back taxes, U.S. authorities accused a former partner at big international law firms of making false statements to a bankruptcy court on Tuesday.
According to an indictment released in New York federal court, John Roesser, a former international arbitration lawyer, was charged with submitting fabricated paperwork and making false claims in a bankruptcy.
Roesser was scheduled to appear in court for the first time later that day when he was detained on Tuesday morning in Bronxville, New York. Roesser’s lawyer’s information wasn’t readily accessible.
H Bruce Bronson, an attorney who represented Roesser in the bankruptcy, declined to comment.
According to earlier public announcements and court documents, Roesser was a partner with at least three legal firms between 2013 and 2018, including Alston & Bird, Arnold & Porter Kaye Scholer, and Dechert.
Upon confessing to misappropriating nearly $100,000 from a client during a post-arbitration settlement, he resigned from the bar in 2020, according to New York state court documents.
According to the indictment, Roesser declared personal bankruptcy in 2022 and owed more than $3 million in back taxes to the Internal Revenue Service.
Prosecutors contend that Roesser misled the IRS and the U.S. bankruptcy court in New York by declaring he would soon receive millions from a real estate commission to help pay off his debts.
Roesser allegedly submitted fraudulent information to keep hold of valuables, including his house and an Aston Martin luxury sports car. If Roesser had not created a workable plan to pay his debts, creditors might have been able to confiscate those assets, according to the prosecution.
Roesser had “corrupted and degraded” the American bankruptcy system, according to a statement from Southern District of New York U.S. Attorney Damian Williams.
Customer Review on H Bruce Bronson
Numerous clients have experienced problems as a result of H Bruce Bronson‘s legal incapacity. Instead of concentrating simply on the clients, his activities have damaged, it may be worthwhile to consider if the Bar Association and federal and state law enforcement agencies should focus on Bankruptcy Lawyer H Bruce Bronson himself.
H Bruce Bronson has been charged with abruptly deserting his clients, leaving them to fend for themselves or suffer the repercussions of his deceit, fraud, misrepresentation, and unethical and unlawful actions. Seeing clients suffer as a result of their faith in him is depressing.
Although H Bruce Bronson declined to comment on the situation, it is significant that a former law firm partner who has been accused of making false statements to the U.S. bankruptcy court has expressed grave reservations about his character.
To redress the harm brought on by his alleged misbehavior, the H Bruce Bronson case emphasizes the need for thorough analysis and potential involvement by competent authorities.
False statements to a U.S. bankruptcy court are alleged against an ex-law firm partner.
White-collar crime bankruptcy fraud often takes one of four broad forms:
-To avoid having to lose assets, a debtor hides them. A person purposefully submits fraudulent or incomplete paperwork.
-Perjury may also be committed by giving misleading information on a bankruptcy application.
-A person files many times in various jurisdictions, either with true or fake information.
-A trustee appointed by a court is bought by a person.
-As with identity theft, mortgage fraud, money laundering, and public corruption, it’s common for the criminal to combine one of these types of fraud with another crime.
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Common Types of Fraud
The concealing of assets occurs in over 70% of all bankruptcy fraud. Creditors can only sell assets that the debtor lists; as a result, if the debtor conceals some assets, they can illegally keep them even though they still owe a debt. The debtor may transfer hidden assets to friends, family members, or business partners to further obscure them and make them untraceable. Loans become more expensive as a result of dishonest concealment since it increases the risk and costs involved with lending, which creditors then pass along to other prospective borrowers.
One form of bankruptcy fraud scam that is becoming more prevalent in the US is petition mills. Petition mills pose as advisory services and claim to be able to assist tenants who are having financial issues to escape eviction. The petition mill delays the process, charges them enormous fees, and then files for bankruptcy in the tenant’s name while the tenant thinks the agency is negotiating on their behalf. The tenant’s credit score is destroyed, and she is left with no savings.
When a debtor files for bankruptcy in several jurisdictions under the same identity and with identical information, under aliases and with false information, or with some combination of true and false information, it is known as multiple filing fraud. The bankruptcy court’s docket becomes backed up with numerous filings, which slows down every step of the process, including the sale of assets. Multiple filings may violate bankruptcy rules even though they are not illegal and are frequently used as a cover for a debtor trying to hide assets.
Under 18 U.S.C. Chapter 9, federal prosecutors may file criminal charges for alleged bankruptcy fraud. It must be demonstrated that the defendant purposefully and fraudulently misrepresented a material fact to prove fraud. A penalty of up to five years in prison, a fine of up to $250,000, or both may be imposed for bankruptcy fraud. It may be illegal to even intend to commit bankruptcy fraud.
FALSE CLAIMS: 18 USC 152(4)
The crime of filing a false bankruptcy claim is defined in Section 152, subsection (4). A “claim” is a document that a debtor’s creditor submits in a bankruptcy procedure. It can also go by the name “proof of claim.” The nature of the claim is irrelevant to this provision; it can be secured or unsecured, liquidated or unliquidated, and disputed or undisputed. A “false” claim is one that the creditor is aware, at the time the claim is submitted, is factually false.
Section (4) stipulates:
Any person who, either personally or via an agent, proxy, or attorney, knowingly and fraudulently brings any false claim for proof against the estate of a debtor or utilizes such a claim in any proceeding under Title 11 is subject to a fine, imprisonment, or both.
The following is a false claim violation:
-the beginning of bankruptcy proceedings;
-that the defendant submitted a proof of claim in the bankruptcy or induced one to be submitted;
-that a substantial fact in the claim’s proof was false; and
-that the defendant engaged in dishonest behavior and knowledge that the proof of claim was false.