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