Providence Couple Plead Guilty to Concealing $70K in Bankruptcy Assets
GoLocalProv News Team
Providence Couple Plead Guilty to Concealing $70K in Bankruptcy Assets
Danys Rivera, 49, and Diana Acevedo, pled guilty to charges they concealed $70,000 in assets from a federal bankruptcy court when filing a joint voluntary bankruptcy petition.
Rivera is scheduled to be sentenced on August 16 and Acevedo is scheduled to be sentenced on August 30.
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According to court documents and information presented to the Court, Rivera, 49, and his wife, Acevedo, 53, jointly filed a Chapter 13 voluntary bankruptcy petition in the District of Rhode Island Bankruptcy Court on March 22, 2013. The filing was made seven weeks after Rivera was awarded a lump sum private insurance settlement payment of $70,000.
An investigation determined that on February 11, 2013, ten days after receiving the insurance settlement, Rivera opened a bank account and deposited a $61,064.43 check from the settlement.
Two weeks later he withdrew $59,581.29 in the form of a bank check made payable to himself and transferred $500 from the account to another bank account he controlled. On March 19, 2013, Rivera deposited $7,000 in cash into a bank account he controlled and Acevedo deposited $47,581.29 in cash into a bank account she controlled. Three days later, Acevedo withdrew the $47,581.29 in the form of a bank check made payable to both her and her husband.
On April 18, 2013, Rivera and Acevedo jointly filed a Chapter 13 voluntary bankruptcy petition with the Bankruptcy Court. In documents that Acevedo and Rivera filed under penalty of perjury in the Bankruptcy Court, both failed to disclose the funds from the settlement among their assets.
The proceeds from the $70,000 settlement payment were never included in any filings made by Rivera and Acevedo with the Bankruptcy Court.