Local man sentenced for bankruptcy fraud

By Nikki Henderson | nhenderson@ktalnews.tv

Published 04/02 2014 04:36PM

Updated 04/02 2014 04:40PM

A Natchitoches man learns his punishment for committing bankruptcy fraud.

On Tuesday U.S. Attorney Stephanie A. Finley announced that Wesley Pace, 38, was sentenced to 15 months in prison and three years of supervised release.  He was also ordered to complete 300 hours of community service within the supervised release time period.

According to evidence presented at the guilty plea back in Nov. 2013, Pace filed for bankruptcy in March of 2008.  In his court filings, Pace did not declare his ownership of mineral rights to a parcel of land in Natchitoches Parish.

One month later, Pace sold the mineral rights for $95,000 without informing the bankruptcy trustee of the sale or providing the money to the bankruptcy trustee as required by the Bankruptcy Act.

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