By: Mary Ann Pekara
November 05, 2010
James Moser of Overland Park, Kansas, was recently found guilty of eight counts of bankruptcy fraud and was sentenced to 10 years and one month in federal prison. Moser's wife faced similar charges, which she pleaded guilty to, according to the Kansas City Business Journal. She received three years' probation.
Moser reportedly filed bankruptcy in 2005. He was accused of concealing an option to purchase a 16-acre horse training facility, and of concealing his right to collect commissions of almost half a million dollars for the marketing and sale of the property of Hallmark Arabian Farms LLC, according to the news provider.
Moser also faced accusations of hiding an extensive stamp and coin collection valued at about $125,000. Moser had claimed it was transferred to the owner of Hallmark Arabian Farms, but the collection was reportedly pledged as collateral for rent owed on the property.
In addition to the federal prison sentence, Moser will have to pay $1.5 million in restitution, according to the news source.