New Jersey man convicted and sentenced for lying in bankruptcy case about closed bank accounts

Updating a case we reported on earlier (here) Moty Rosenkrantz a/k/a Michael Rosenkrantz, the owner of B&W Motor Cars, pled guilty to structuring banking transactions to avoid reporting requirements and making a false oath in a bankruptcy case.  The defendant admitted in his guilty plea that in July 2003 he filed a bankruptcy petition in which he falsely reported that no financial accounts in his name had been closed in the preceding year when in fact he had closed at least 7 bank accounts in March 2003.

Rosenkrantz was sentenced in the District of New Jersey to 48 months in prison, three years of supervised release and a fine of $10,000.