Honolulu man gets two years in bankruptcy fraud
A man who plead guilty to bankruptcy fraud was sentenced to two years in prison today.
Ben Fukuyama also must pay $350,000 in restitution. In July 2009, he filed for Chapter 7 bankruptcy, claiming he only had $140 in cash and $1,505 in his bank account, but he actually hid $350,000 in cash from his creditors and the U.S. Bankruptcy Trustee.
Fukuyama claimed to have a Kapiolani Boulevard condo worth $375,000 and liabilities of $2.4 million, including a $1.7 million contract to buy a condo in the Trump International Hotel & Tower in Waikiki.
Fukuyama must turn himself in to authorities by Sept. 28.
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