PITTSBURGH - A Florida resident has been indicted in Pittsburgh by a federal grand jury on charges of bankruptcy fraud, concealment of bankruptcy assets, false bankruptcy declaration, false statement under oath, and money laundering, United States Attorney David J. Hickton announced today.
The 10-count indictment, returned on Aug. 25, and unsealed today, named Gregory M. Makozy, Sr., 54, as the sole defendant.
According to the indictment, Makozy schemed to defraud the bankruptcy court by concealing assets he owned through pre-Petition and post-Petition transfers of real estate and an automobile. He is also alleged to have laundered fraud proceeds in the purchase of a home in Florida.
The law provides for a total sentence of 40 years in prison, a fine of $1,750,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the criminal history, if any, of the defendant.
Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.
The United States Postal Inspection Service and the Internal Revenue Service-Criminal Investigation conducted the investigation leading to the indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.
Source: U.S. Department of Justice, Office of the United States Attorneys
