BG property owner pleads guilty to fraud

Posted On Sep 16 2019 by

first_imgA Battle Ground property owner pleaded guilty Monday in U.S. District Court to two counts of bankruptcy fraud, according to a news bulletin issued by the Oregon Department of Justice.Donovan Lindhorst, 69, of Gresham, Ore., was placed on involuntary bankruptcy in October 2007 for failing to make necessary contributions to an employee roofers union. Amid the bankruptcy, Lindhorst concealed assets that included $182,000 he transferred to his wife, a 1928 Ford Roadster pickup, $82,000 cash, gold, coins, silver and interest earned from a Battle Ground property, according to the release.He also failed to disclose a $190,000 transfer to his son.The cash and gold bullion, among other items, were discovered in a safe during an inspection of Lindhorst’s home that was mandated as part of his bankruptcy agreement.“Bankruptcy fraud is an assault on our judicial system,” Dwight Holton, a U.S. Attorney, said in the news release. “Debtors may not gain the protections of the bankruptcy courts on the one hand and then misrepresent and conceal assets from the court, trustees and creditors of the bankruptcy estate on the other. Our office will vigorously prosecute these cases to protect the integrity of the federal courts.”Lindhorst could face up to five years in prison and a $250,000 fine. His sentencing is scheduled for Nov. 8.last_img read more