Auburn Man Convicted of Bankruptcy Fraud Charges | Crime

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Auburn Man Convicted of Bankruptcy Fraud Charges
Crime, People

United States Attorney Thomas E. Delahanty II announced that Maurice Roundy, age 65, of Auburn, Maine was found guilty today by a jury of bankruptcy fraud charges. Roundy was indicted on December 15, 2010.
According to evidence introduced at trial, Roundy filed for bankruptcy in October 2005. In his bankruptcy filings and testimony, he claimed that, months before filing for bankruptcy, he sold three Lockheed L1649A Super Constellation Starliner airplanes that he owned to a purchaser in Florida for $20,000 and had no Purchase Agreement for the transaction. In fact, a month before filing for bankruptcy, he sold the Constellations to the purchaser pursuant to an Aircraft Purchase Agreement for $500,000 that called for payments to be made in $50,000 biannual installments. Roundy concealed the Agreement and the payments from his bankruptcy trustee and creditors.
Roundy faces a possible sentence of up to 5 years imprisonment and a $250,000 fine. He will be sentenced after completion of a pre-sentence investigation report by the United States Probation Office. He was released on bail pending sentence.
The investigation leading to today’s verdict was conducted by the Federal Bureau of Investigation with assistance from the Office of the United States Trustee.

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