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Justice News

Department of Justice
U.S. Attorney’s Office
District of Rhode Island

FOR IMMEDIATE RELEASE
Wednesday, April 13, 2016

Realty and Property Ownership and Management Company Owner Pleads Guilty to Bankruptcy Fraud

PROVIDENCE, R.I. – Linda Davis Griffin, 48, of Warwick, owner of Vision Adventures, LLC, a Providence based property ownership and management company, pleaded guilty in federal court in Providence today to one count of alteration of bankruptcy records, admitting to the court that she falsified bank documents in order to conceal the conversion of bankruptcy estate funds to her own use.

Ms. Griffin Davis’ guilty plea is announced by United States Attorney Peter F. Neronha and Harold H. Shaw, Special Agent in Charge of the Boston Field Office of the FBI.

According to information presented to the court, in March 2013, Vision Adventures filed a voluntary bankruptcy petition with the U.S. Bankruptcy Court in Providence. The U.S. Bankruptcy Code requires that an authorized person file monthly operating reports with both the U.S. Trustee and the U.S. Bankruptcy Court. The monthly operating reports provide information regarding the income and expenses of the debtor and copies of related bank statements to substantiate the activity. Linda Davis Griffin is the sole member of Vision Adventures and was the authorized person to file monthly operating reports. 

Appearing before U.S. District Court Chief Judge William E. Smith, Ms. Davis Griffin admitted to the court that several of the monthly operating reports she provided to the U.S. Trustee and the U.S. Bankruptcy Court contained altered bank records, making it appear that there was less money in Vision Adventure bank accounts than actually existed. According to information presented to the court, Ms. Davis Griffin provided the altered bank documents in order to conceal the fact that she converted a total of $25,480 of debtor funds for her own use.

Ms. Davis Griffin is scheduled to be sentenced by U.S. District Court Chief Judge William E. Smith on July 15, 2016.

The case is being prosecuted by Assistant U.S. Attorney Terrence P. Donnelly, with the assistance of Assistant U.S. Attorney Gerard B. Sullivan.

The matter, investigated by the FBI, was referred to the United States Attorney’s Office by the U.S. Department of Justice Office of the United States Trustee for the Districts of Maine, Massachusetts and Rhode Island.

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Contact:

Jim Martin (401) 709-5357

email: USARI.Media@usdoj.gov

on Twitter @USAO_RI

16-30
Topic: 
Bankruptcy
Financial Fraud
Updated April 13, 2016