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Case Number: 0:21-cr-00153-ECT-JFD
Judge: Eric C. Tostrud
Court: United States District Court for the District of Minnesota (Ramsey County)
Plaintiff's Attorney: United States Attorney’s Office
Description: St. Paul, Minnesota criminal lawyer represented Defendant charged with bankruptcy fraud.
On November 3, 2015, Gregory Ronald Anderson, 63, a licensed attorney, prepared and filed a voluntary bankruptcy petition on behalf of his client, James Alan Rothers. Upon the filing of the petition, Anderson knew that Rothers’ assets, wherever located, became property of a “bankruptcy estate” to be used to pay Rothers’ creditors. Anderson also filed a set of Rothers’ bankruptcy schedules in which Rothers was required to disclose, under penalty of perjury, the full extent and value of all Rothers’ assets as of November 3, 2015.
According to court documents, prior to the filing of the petition, Anderson created fake liabilities to create the appearance that Rothers was insolvent when, in fact, Rothers could easily have paid all of his creditors. Specifically, Anderson arranged to have a fictitious lawsuit filed against Rothers, and then instructed Rothers to default in that lawsuit. This created a judgment of approximately $608,000 against Rothers to further the appearance that he was insolvent. Anderson also created documents that made it appear that an Iowa company had loaned $240,000 to Rothers and that Rothers had an obligation to repay this loan. The loan was entirely bogus and created to bolster the appearance of Rothers’ insolvency.
As Rothers’ bankruptcy attorney, Anderson had to certify that the petition filed with the bankruptcy court was true and accurate. Nevertheless, when Anderson filed Rothers’ bankruptcy petition on November 3, 2015, he certified that he had no knowledge that the information in Rothers’ schedules was incorrect. But, despite this certification, Anderson knew about the above-outlined efforts to make Rothers appear insolvent and that Rothers had purposefully failed to disclose on his bankruptcy schedules $100,000 in gold coins; $686,000 on deposit in bank accounts for two companies; and $455,484 in uncashed checks. In fact, Anderson helped Rothers open one of the concealed bank accounts and received portions of his legal fees from the other.
Anderson pleaded guilty on August 8, 2022, to one count of fraudulent concealment of bankruptcy assets in U.S. District Court before Judge Eric C. Tostrud. Anderson’s plea agreement includes a requirement that he be voluntarily disbarred. A sentencing hearing has not yet been scheduled.
On November 7, 2019, James Alan Rothers pleaded guilty to one count of fraudulent concealment of bankruptcy assets in U.S. District Court before Judge Susan Richard Nelson. A sentencing hearing has not yet been scheduled.
This case was the result of an investigation conducted by the FBI.
Assistant U.S. Attorneys David J. MacLaughlin and Jordan L. Sing are prosecuting the case.
18:1349 CONSPIRACY TO COMMIT MAIL AND WIRE FRAUD
18:152(1) and 2 FRAUDULENT CONCEALMENT OF ASSETS BELONGING TO THE BANKRUPTCY ESTATE OF A DEBTOR
Outcome: Defendant pleaded guilty and agreed to disbarment.