Bridgeport Man Sentenced To Jail For Bankruptcy Fraud | USAO-CT
Leonard C Boyle, Acting United States Attorney for the District of Connecticut, announced that ANTHONY FAUSTINI, 58, of Bridgeport, was sentenced today by U.S. District Judge Janet C. Hall in New Haven to three months ‘imprisonment, followed by three months’ house arrest. detention and three years of supervised release, for a bankruptcy fraud offense.
According to court documents and statements made in court, on March 12, 2018, Faustini filed a Chapter 7 personal bankruptcy petition with the U.S. Connecticut District Bankruptcy Court. In the petition, Faustini noted that his unpaid debts were approximately $ 86,862. However, Faustini failed to disclose to the court that he knew he was the beneficiary of a $ 100,000 life insurance policy held against his mother’s life. Nine days later, on March 21, 2018, Faustini’s mother passed away.
On April 18, 2018, Faustini testified under oath regarding his bankruptcy application. In response to the Chapter 7 bankruptcy trustee’s questions, Faustini falsely indicated that he had listed all the valuable items in his petition, and he failed to mention his vested interest in the 100,000 life insurance policy. $. In response to a specific question as to whether “someone died and left you money”, Faustini replied “no”.
On June 20, 2018, the bankruptcy court issued an order granting Faustini discharge from his debts. The next day, Faustini contacted the life insurance company to determine the status of the payment of the claim and to confirm that the company had its correct address. On June 26, 2018, the insurance company issued a check for $ 100,246 to Faustini.
The Office of the US Trustee for the District of Connecticut subsequently received information on the life insurance payment made to Faustini and conducted a review of Faustini’s “Rule 2004” depositions on June 5, 2019. At During the examination, Faustini made several false statements, including that he was unaware of the life insurance policy when he filed his bankruptcy application, which he took only became aware of the policy after receiving the check and did not know how the insurance company knew how to send the check to his address.
Justice Hall ordered Faustini to pay restitution of $ 61,062, which includes debts and fees that would have been paid if Faustini had previously disclosed the recovery of the insurance, and gives Faustini credit for the amounts the Bankruptcy court was able to recover from others regarding the insurance policy after a fraud was identified.
On December 3, 2020, Faustini pleaded guilty to making a false sworn statement in a bankruptcy case.
Faustini, who is released on bail, is due to report to jail on June 9, 2021.
This case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant US Attorney Christopher W. Schmeisser.