News and Press Releases

man pleads guilty to bankruptcy fraud

FOR IMMEDIATE RELEASE
April 11, 2013

RALEIGH - United States Attorney Thomas G. Walker announced that in federal court yesterday TODD ALLEN FULCHER 49, of Phoenix, Arizona (formerly of New Bern) North Carolina pled guilty before United States District Judge Terrance W. Boyle to Bankruptcy Fraud, in violation of Title 18, United States Code, Section 157(3) and the destruction, alteration or falsification of records in violation of Title 18, United States Code, Section 1519.

According to the investigation, FULCHER filed a voluntary petition for relief under Chapter 13, of Title 11, in the United States Bankruptcy Court for the Eastern District of North Carolina on or about January 9, 2010. Pursuant to the Chapter 13 proceedings, FULCHER was required to file Schedules of assets and liabilities and a Statement of Financial Affairs with the United States Bankruptcy Court. Those Schedules and the Statement are filed under penalty of perjury. FULCHER failed to disclose his interest in certain personal and real property. FULCHER also hid a boat and a motorcycle from his creditors.

From on or around January 9, 2010, through November 2011, FULCHER made false and fraudulent representations concerning, and in relation to, a proceeding under Title 11, United States Code, after filing of the petition. Additionally, FULCHER knowingly concealed, covered up, and falsified information to obstruct the investigation or proper administration of a case filed under Title 11 (the Bankruptcy Code).

FULCHER faces a maximum sentence of 25 years imprisonment along with a total of 6 years of supervised release at sentencing.

Investigation of this case was conducted by the Federal Bureau of Investigation. Assistant United States Attorney S. Katherine Burnette prosecuted the case.

 

 

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