Floridian Admits Concealing Assets from Bankruptcy Court

PITTSBURGH - A Florida resident has pleaded guilty in federal court on a charge of concealment of bankruptcy assets, United States Attorney David J. Hickton announced today.

Gregory M. Makozy, Sr., 54, of Port St. Lucie, Fla., pleaded guilty to one count before United States District Judge Arthur J. Schwab.

In connection with the guilty plea, the government represented to the court that Makozy concealed assets from the bankruptcy court in a Chapter 7 Petition in bankruptcy filed in 2013 by transferring assets he owned to others, including a 2005 Aston Martin automobile, and real estate located in Butler County, Pa.

Judge Schwab scheduled the sentencing for May 11, 2016. The law provides for a total sentence of 5 years in prison, a fine of $250,000.00, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the criminal history, if any, of the defendant.

Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.

The Office of the United States Trustee, the United States Postal Inspection Service and the Internal Revenue Service-Criminal Investigation conducted the investigation that led to the prosecution of Gregory M. Makozy.