Wednesday, January 11, 2012

Don't Do This!

Consumer Bankruptcy News reports that a man named Viengkham Virasak of Corvallis, Oregon, has been sentenced to two years in federal prison for fraudulently incurring $384,000 in debt in the names of his mother, father, sister and brother.  He then attempted to discharge this debt by filing bankruptcies in their names and impersonating them at court hearings.

According to court documents, Virasak used the money obtained on more than 50 credit cards to fund his gambling addiction.  When his family discovered the fraud and confronted him, Virasak asked them to help him conceal the fraud.

In addition to two years in prison, Virasak was also sentenced to three years of supervised release and ordered to pay $384,036 in restitution.