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February 2, 2007

Mass. man gets 8 months for lying about assets

PROVIDENCE -- A Massachusetts man who lied in bankruptcy filings has been sentenced to eight months in federal prison followed by eight months of home confinement.

Richard M. Cecca, 53, of Plymouth, Mass., pleaded guilty to six counts of bankruptcy fraud in October after federal authorities discovered that he had concealed real estate assets in connection with his bankruptcy filing five years ago, according to the U.S. Attorney's Office in Providence, which announced the sentence today.

Cecca admitted to repeatedly lying under oath about his or his company's assets during a 2001 bankruptcy hearing. He failed to reveal he had an ownership interest in about 20 parcels of real estate in Providence and other locations, according to the U.S. Attorney's Office.

Each count of bankruptcy fraud carried a maximum penalty of five years in prison.

U.S. District Court Judge Mary M. Lisi imposed the sentence. Cecca must report to federal prison on March 30.

Posted by Steve Peoples  at 3:53 PM | Permalink

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