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FOR IMMEDIATE RELEASE |
Oct. 28, 2009
SHAWNEE COUPLE INDICTED ON BANKRUPTCY FRAUD CHARGES
TOPEKA, KAN. – James Dewey Moser, 65, Shawnee, Kan., and Doris Elaine Moser, 54, Shawnee, Kan., have been indicted on bankruptcy fraud charges, U.S. Attorney Lanny Welch said today.
On April 27, 2005, the Mosers filed for Chapter 7 bankruptcy. The indictment alleges, among other things, that the Mosers:
– Concealed information about their option to purchase 16.5 acres of prime real estate at 12700 W. 151st Street in Olathe, Kan., where they operated Hallmark Arabian Farms, LLC, a fully equipped Arabian horse training facility including barn, stables, saddles, tack and personal property.
– Concealed the fact they had $125,000 worth of gold and sliver coins and collectable stamps. They claimed the items had been transferred to F. Jeffrey Miller, who owned the land they rented for Hallmark Arabian Farms. In fact, the items only had been pledged as collateral for rent owed to Miller.
– Concealed their right to a commission of up to $450,000 for marketing and sale of the property at 12700 W. 151st Street in Olathe.
In a separate forfeiture count, the government is seeking a money judgment of $1.5 million against the Mosers.
If convicted, the Mosers face a maximum penalty of 5 years in federal prison and a fine up to $250,000 on each of the 10 counts in the indictment. The Office of the U.S. Trustee in Kansas and the Internal Revenue Service investigated. Assistant U.S. Attorney Christine Kenney is prosecuting.
In all cases, defendants are presumed innocent until and unless proven guilty. The indictments filed merely contain allegations of criminal conduct.
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