John W. Vaudreuil, U.S. Attorney for the Western District of Wisconsin, announced that Leon Fadden of Madison, Wis., has been convicted of three counts related to bankruptcy fraud, according to a Department of Justice press release. The jury reached its verdict after 90 minutes of deliberation following a two-day trial in federal court in Madison. Fadden was convicted of fraudulently concealing property in connection with a bankruptcy case. In October 2013, he concealed from his creditors and the U.S. Trustee his interest in two life-insurance policies and his interest in the estate of a deceased relative. He was also convicted of making false declarations under penalty of perjury by submitting false Schedules of Assets and Liabilities, and a false Statement of Financial Affairs. Finally, Fadden was convicted of making false statements to an attorney of the U.S. Trustee’s Office in December 2013.
