Philadelphia Bankruptcy Lawyer Blog

Bankruptcy fraud is a serious issue. Just ask Kenneth G. Reidenbach of nearby Lancaster, Pennsylvania. He is (or was) a bankruptcy lawyer who concealed the truth from the court and the bankruptcy trustee. Apparently, in two cases, he did not reveal real estate proceeds; and in the third case he reported his fee as $1500, when, in fact, it was $4800. He faces up to forty-five years in prison and over two million dollars in fines. His sentencing is scheduled for May 2, 2012.

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Bankruptcy trustees are entrusted to act as the most lawful and strict of fiduciaries. They are not supposed to steal. Fortunately, Doylestown, Pennsylvania and this Doylestown bankruptcy lawyer are safe once again. Actually, the trustee, Marika Tolz, is not from around here, but she will soon be a resident of federal prison, followed by a three-year stint on house arrest. The charges leveled against her were quite serious and, having been found guilty, the punishment matches the crimes.

This is her real mug shot.

Continue reading "Bankruptcy Trustee Sentenced (Doylestown, PA Remains Safe)" »

Fortunately, no Exton, Pennsylvania citizens seem affected, but a serial bankruptcy filer has been indicted on federal charges for defrauding more than fifty investors. The defendant is Kenneth Dachman and he faces 11 counts of wire fraud. The United States Attorney and the Federal Bureau of Investigation announced the arrest and charge after the defendant allegedly misappropriated more than two million dollars of funds he co-mingled from investors under the auspices of a sleep disorder business. Of course, all persons in the United States are considered innocent until proven guilty.

Continue reading "Serial Bankruptcy Filer Indicted for Fraud; No Exton, Pennsylvania Victims Alleged" »