By: Meaghan Olson
March 10, 2011
Georgia real estate broker Robert Negrelli pleaded guilty to charges of bankruptcy fraud on his 2005 petition and will serve 15 months in federal prison for these charges. According to the IRS, the incarceration rate for bankruptcy fraud last year was approximately 62 percent.
At the time of his filing, Negrelli was a real estate broker and owner of Negrelli Realty, a real estate firm that specialized in high-end properties and horse farms, according to the business's website. He was accused of making several false statements on his bankruptcy filing, including knowingly listing an income below his actual earnings. When confronted, he reportedly admitted to the accusations.
He was also accused of not listing all his creditors on the petition. Negrelli allegedly privately approached one creditor and asked him not to make a claim in the bankruptcy case. If he were to comply with this request, Negrelli allegedly said, he would pay him whatever was owed at the completion of his bankruptcy.