Marshall County man charged with bankruptcy fraud charges | USAO-NDWV
WHEELING, WEST VIRGINIA – Francis Tucker, of Moundsville, West Virginia, was charged today with bankruptcy fraud charges, Acting United States Attorney Randolph J. Bernard said.
Tucker, 67, was charged today with one count of “fraudulent transfers for bankruptcy”, one count of “false declarations of bankruptcy” and one count of “structuring financial transactions for evade reporting requirements ”.
Tucker was the secretary of Danzac, Inc., a video lottery service and a real estate owner. In January 2018, the Ohio County Circuit Court issued a civil judgment against Tucker in the amount of approximately $ 469,000. Tucker is accused of transferring personal and business property to others in the months leading up to the defendant’s July 2018 bankruptcy filing in Ohio County. He is accused of falsifying bankruptcy documents by claiming that he was not involved in reportable property transfers and that he had no connection with a business.
Tucker is also accused of making withdrawals of the proceeds from the sale of a Florida property in a manner and with the intention of avoiding bank reporting obligations regarding certain cash transactions. This crime was allegedly committed in 2016.
Tucker faces five years in jail and a fine of up to $ 250,000 on each charge. Under the Federal Sentencing Guidelines, the actual sentence imposed will be based on the seriousness of the offenses and the criminal history, if any, of the defendant.
Deputy US prosecutors Danae DeMasi-Lemon and Jarod J. Douglas are pursuing the case on behalf of the government. The FBI investigated.
An indictment is just an accusation. An accused is presumed innocent until proven guilty.