Clintwood Man pleads guilty to bankruptcy fraud | USAO-WDVA
ABINGDON, Va. â A Clintwood, Va. man who concealed his stake in a waste management company and did not report his employment and income from that company when filing for Chapter 7 bankruptcy, pleaded guilty yesterday to one count of bankruptcy fraud to federal seek.
According to court documents, in June 2020, 48-year-old David Bryan âPokeyâ Stanley filed for Chapter 7 bankruptcy with the United States Bankruptcy Court for the Western District of Virginia. At the time of his deposition, Stanley falsely testified under oath that he was unemployed and had no income.
However, at the time of his bankruptcy filing, Stanley knew he owned a stake in a waste container company he started in 2016 called Interstate Waste Management, LLC, and was receiving income.
Stanley is due on June 7, 2022 and faces a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors.
The Office of the United States Trustee and the Federal Bureau of Investigation are investigating the case.
Assistant United States Attorney Lena L. Busscher is prosecuting the case.