Former Enron Employee Indicted for Bankruptcy Fraud

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Jeffrey Adam Shankman, former head of the Global Markets Division of Enron in 2001 before its collapse, has recently been indicted on 24 counts of bankruptcy fraud and concealment of assets by a federal grand jury. The indictment alleges that he “engaged in a scheme to conceal assets to defraud creditors and the trustee who was appointed to collect and dispose of all Shankman’s assets in his bankruptcy estate”. According to a news report on www.yourhoustonnews.com, Shankman had filed for Chapter 7 bankruptcy in October 2008. The indictment alleges he “concealed, transferred, and sold various pieces of fine art, decorative art, and jewelry and other assets without the knowledge, consent, and approval of the trustee or the bankruptcy court. The approximate value of the assets was $952,125, according to allegations”. If convicted, Shankman faces up to five years in federal prison and a possible $250,000 fine of on each count. An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law. Bankruptcy fraud is a federal crime.  The attorneys at Client First Bankruptcy take their obligation seriously.  Our attorneys approach each case with care and precision and we request relevant documentation to be able to protect its clients from allegations like these.  Don’t go to less experienced or less careful attorneys who try to sell you on ‘fast relief’ or ‘speedy filings’.  Haste often leads to bigger problems than those that caused the client to seek representation in the first place. The Client First Bankruptcy attorneys are among the most knowledgeable consumer bankruptcy attorneys in the U.S., representing thousands of new clients annually in consumer bankruptcy cases. Call us toll-free at 800-383-6004 and log onto our easy-to-navigate, interactive website at www.clientfirstbankruptcy.com for timely and vital information on filing your Chapter 7 or Chapter 13 bankruptcy.

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If You Knew Sushi Like I Knew Sushi

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The owner of Shin’s Sushi Bar, Hyun Joon “Steve” Shin, who is president of the Dalin Corporation, recently filed Chapter 7 bankruptcy, listing assets of $17,565 and liabilities of $49,759.  Dalin’s largest debt was to State of California Labor Commissioner Yong Jun Zhu. The restaurant, located in downtown San Luis Obispo, California, has now been renamed Aisuru, and is owned by a corporation called C52297 Inc, with Matthew H. Kim as president. According to a story on www.sanluisobispo.com by Julia Hickey, Steve and Min “Jane” Shin opened the sushi restaurant in September 2004 after operating Yamato Japanese Restaurant for six years. Justin Kim (no relation to Matthew H. Kim), manager of Shin’s for at least three years, was not aware that Steve Shin had placed the business in bankruptcy. Kim stated that Mr. Shin “wasn’t here much”. Justin Kim commented that business at the fish emporium had been slow, estimating that sales were down 20% to 30% as compared with those two years ago. For experienced and knowledgeable Chapter 7 or Chapter 13 personal bankruptcy assistance, trust the attorneys from Client First Bankruptcy who have helped satisfied clients discharge their debt. For your free initial consultation, please call our knowledgeable and compassionate bankruptcy representatives at 800-383-6004. And log onto www.clientfirstbankruptcy.com for vital and timely bankruptcy information 24/7 so you can get the information you need at your convenience.

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