Foolishness And Fraud Not Interchangeable In Bankruptcy

Robert J. Yonkee Jr., 54, was charged in a federal court with bankruptcy
fraud. He was a former resident of Machesnesy Park until he moved to Lake
Geneva. He is accused of providing false information about his assets
and concealing property when he filed his petition. For each charge he
faces five years in prison, fines up to $250,000, and up to three years
supervised release and five years’ probation.

Yonkee filed
Chapter 7 bankruptcy in September 2008. He is accused of hiding information about ownership
interest in an auto racing business that sold various parts and materials
for cars and motorcycles, as well as having capital, inventory, motorcycles
and other merchandise, from creditors, the bankruptcy trustee and the
bankruptcy court.

Yonkee is also accused of providing the court with false statements in
relation to his bankruptcy schedules and financials (Statement of Financial
Affairs), which were filed under penalty of perjury. He also faces charges
of making false statements to creditors at the creditors meeting while
under oath. Yonkee will face trial later this year for his charges.

Law enforcement officials want to remind the public that the defendant
is innocent until proven guilty. Charges come from a criminal indictment
that is not necessarily evidence of guilt. The defendant is entitled to
a fair trial in which the government will provide proof of guilt. Bankruptcy
fraud carries serious charges for those who choose not to abide federal law.


Call to speak to a bankruptcy attorney