NewsFlorida News

Actions

Florida Couple Gets a Year in Prison for Bankruptcy Fraud

Florida Man Accused in Ga. Jewelry Store Burglary Indicted
Posted at 10:57 AM, Apr 24, 2015
and last updated 2015-04-24 07:00:31-04

WEST PALM BEACH, Fla. (AP) - A Florida couple will spend the next year in prison for bankruptcy fraud after admitting they concealed jewelry and other valuables in the case.

A West Palm Beach federal judge imposed the sentences Thursday on 61-year-old Dr. Richard Krugman and his wife, 54-year-old Tamara Giordano. They were also ordered to pay more than $27,000 in restitution.

The couple had owned a health care company that encountered financial difficulties in 2006, forcing them to file for bankruptcy two years later. At the time, they reported $3 million in debts and only $13,000 in assets but later said in court that was not true.

Instead, Krugman and Giordano admitted hiding valuables such as a gold and diamond Rolex watch, diamond jewelry pieces, silver, china, crystal and two George Rodrigue "Blue Dog" lithographs.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

4/24/2015 3:02:12 AM (GMT -4:00)