Fraudster Sentenced to 10 Years

Allison Tussey —  November 9, 2010 — Leave a comment

James Moser, 66, Overland Park, Kan., has been sentenced to 121 months in federal prison on bankruptcy fraud charges. Moser also was ordered to pay approximately $1.5 million in restitution. Prosecutors accused Moser of concealing his option to buy a 16-acre horse training facility in Olathe, Kansas, and the right to commissions of $450,000 for the marketing and sale of the Hallmark Arabian Farms LLC property.

In June 2010, a jury found Moser guilty on one count of conspiracy to commit bankruptcy fraud and eight counts of bankruptcy fraud.

On April 27, 2005, Moser and his wife, Doris Elaine Moser, filed for Chapter 7 bankruptcy. During trial, prosecutors presented evidence that James Moser:

Concealed information about the Mosers‘ option to purchase 16.5 acres of prime real estate at 12700 W. 151st Street, Olathe, Kan., where they operated Hallmark Arabian Farms, LLC, a fully equipped Arabian horse training facility including barn, stables, saddles, tack and personal property;

Concealed the fact the Mosers had $125,000 worth of gold and sliver coins and collectable stamps. James Moser claimed the items had been transferred to F. Jeffrey Miller, who owned the land they rented for Hallmark Arabian Farms. In fact, the items only had been pledged as collateral for rent owed to Miller; and

Concealed the Mosers‘ right to a commission of up to $450,000 for marketing and sale of the property at 12700 W. 151st Street, Olathe.

Co-defendant Doris Elaine Moser pleaded guilty and was sentenced to three years probation and ordered to pay $5,000 restitution.

U.S. Attorney Barry Grissom announced the sentence.

Grissom commended the Office of the U.S. Trustee in Kansas, the Internal Revenue Service, Assistant U.S. Attorney Christine Kenney and Assistant U.S. Attorney Richard Hathaway for their work on the case.

 

 

 

Be Sociable, Share!

Allison Tussey

Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

*