Joshua Borges of New Orleans pleaded guilty to one count of Concealment of Assets, in violation of Title 18, U.S. Code, Section 152(1), before U.S. District Judge Carl J. Barbier, announced U.S. Attorney Duane A. Evans, according to a DOJ Press release. According to court records, on or about April 17, 2018, Borges knowingly and fraudulently failed to disclose property that belonged to him in a bankruptcy case. Specifically, he knowingly and fraudulently failed to disclose to the trustee charged with control of the debtor’s property, and from the creditors and the U.S.Trustee, $9,000 in cash on hand, and his business interest in Elite Enterprise Holding, LLC, which had a value of at least approximately $89,771.08. Sentencing will be Sept. 28, 2023, and Borges faces a maximum penalty of five years of imprisonment, followed by up to three years of supervised release, a fine of up to $250,000, and a mandatory $100 special assessment fee.
