Zamir Siddiqi, a Los Angeles-based investment advisor, was sentenced to prison Thursday for false statements made in his Dec. 9, 2013, chapter 7 bankruptcy case, the U.S. Attorney’s Office in the Central District of California reported. Siddiqi’s case had been discharged on Sept. 16, 2014, but on Nov. 25 of that year, the chapter 7 trustee filed a complaint stating that when Siddiqi filed amendments to his schedules, he did not disclose his interest in Lagoon CCP, LLC or the proceeds he had obtained on or after Dec. 13, 2013, from selling that interest. On Feb. 10, 2020, Siddiqi pleaded guilty to one count of false statement in a bankruptcy under 18 U.S.C. § 152(2) for failing to disclose his interest in the LLC. On March 9, the court sentenced Siddiqi to 18 months imprisonment, followed by two years of supervised release, $100 special assessment and $336,373.77 in restitution. Assistant U.S. Attorney Alexander Schwab of the Major Frauds section handled the sentencing in this case.
