Putnam County Man Sentenced for Making False Declaration in Bankruptcy Case
HUNTINGTON, W.Va. – William Howard Gregory, 73, of Scott Depot, was sentenced today to 30 days in prison to be followed by three years of supervised release, including five months on home detention, and ordered to pay $24,662.56 in restitution for knowingly and fraudulently making a false declaration in a bankruptcy case.
According to court documents and statements made in court, on June 1, 2018, Gregory filed false documents in his bankruptcy case that failed to disclose the existence of five life insurance policies with the collective surrender value of approximately $235,000. Gregory admitted that he knew he was required to disclose the existence of his policies and chose not to disclose them.
The United States Trustee learned that Gregory also failed to disclose the sale of his 50 percent ownership in a hardware store for $400,000, cash deposits of $124,900 in his personal checking account on the day he filed for bankruptcy, $193,000 in accounts receivable owed to him, and a 1967 Chevrolet Corvette.
United States Attorney Will Thompson made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI). The United States Trustee’s Office for the Southern District of West Virginia made the criminal referral of this case to the U.S. Attorney's Office. The United States Trustee Program is the component of the Department of Justice that protects the integrity of the bankruptcy system by overseeing case administration and litigating to enforce the bankruptcy laws.
United States District Judge Robert C. Chambers imposed the sentence. Assistant United States Attorney Jonathan T. Storage prosecuted the case.
A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 3:23-cr-95.