Judge Finds Ex-Wall Street Trader Hid Millions From Bankruptcy CourtJanuary 21, 2015 – In The News
Yann Geron was featured in The Wall Street Journal article, “Judge Finds Ex-Wall Street Trader Hid Millions From Bankruptcy Court.” Full text can be found in the January 21, 2015, issue, but a synopsis is below.
A once-prominent Wall Street trader imprisoned for embezzling $43 million was not allowed to rid of his debts through bankruptcy because of repeated lies to the court.
Daniel Gordon filed for Chapter 7 protection in October 2009 after the Internal Revenue Service came after him to pay taxes on a portion of the stolen $43 million.
The trustee tasked with collecting money for Mr. Gordon’s creditors accused him of committing fraud by hiding assets.
Judge Gerber agreed with the trustee, Angela Tese-Milner, that Mr. Gordon didn’t tell the court about more than $3.1 million in assets.
The judge’s ruling found Mr. Gordon didn’t make the transfers to deliberately hide money from creditors, but that he “displayed a cavalier disregard for his disclosure obligations in a bankruptcy case.” That included making “so many false oaths that they are difficult to count.”
Yann Geron was Tese-Milner's attorney.