Man Sentenced to Year in Prison for Bankruptcy Fraud
MADISON, WIS. – Scott C. Blader, United States Attorney for the Western District of Wisconsin, announced that Teddy Stevens, 45, currently of Arizona but formerly of Middleton, Wisconsin, was sentenced yesterday by U.S. District Judge William Conley to one year and one day in federal prison for bankruptcy fraud. Stevens pleaded guilty to the charge on November 7, 2018.
Stevens defrauded the bankruptcy court and his creditors by making false statements on his bankruptcy documents and by making false statements under oath at a bankruptcy hearing called the Meeting of Creditors. Through his conduct, Stevens was attempting to shield from the bankruptcy trustee certain real-estate related assets. At his Meeting of Creditors, Stevens provided a false address and falsely testified under oath that he had not sold, transferred, given away or otherwise disposed of any of his assets in the four years prior to filing. Stevens also convinced another individual to provide false information to the bankruptcy court in an effort to conceal his real interest in a residence.
In selecting a sentence of prison, Judge Conley noted that Stevens’s actions were calculated and egregious. Judge Conley also said that he wanted to deter others from engaging in similar conduct.
The charges against Stevens were the result of an investigation conducted by the Federal Bureau of Investigation and IRS Criminal Investigation. The U.S. Attorney’s Office also acknowledges the assistance of the Office of the United States Trustee in Madison, Wisconsin. The prosecution of the case has been handled by Assistant U.S. Attorney Meredith Duchemin.