District judge sets aside bankruptcy fraud convictions

According to this report in The Bay City Times, U.S. District Judge Thomas L. Ludington has granted Patrick B. Kalahar's motion for judgment of acquittal following Kalahar's conviction in the Eastern District of Michigan on multiple charges of bankruptcy fraud.  Kalahar was charged by superceding indictment (available here) in October, 2006 with making false declarations in a bankruptcy case for allegedly failing to schedule a claim by a credit union and failing to disclose a closed bank account on his statement of financial affairs.  A jury convicted Kalahar of the bankruptcy criminal charges and related bank fraud charges in April.  A copy of the opinion and further analysis to follow.