The FBI arrested eight people on Tuesday, charging them with allegedly concealing more than $3 million in assets from federal bankruptcy court in Miami, the Miami Herald reported yesterday. The five cases allege the eight people hid assets or illegally transferred them out of their name before filing chapter 7 bankruptcies. In so doing, the indictment alleges, they shielded assets from creditors and avoided repaying outstanding debts. According to allegations in the indictment, Yechezkel and Tamar Nissenbaum are among those indicted as they liquidated a certificate of deposit worth approximately $141,829 in 2010, and then filed a joint petition for chapter 7 bankruptcy in 2011. When asked about the accuracy of her disclosures in the bankruptcy petition, Yachezkel Nissenbaum “made false representations,” according to a press release from the U.S. Attorney’s Office.
