Illinois Attorney Convicted of Bankruptcy Fraud | USAO-NDIL
ROCKFORD – An Illinois lawyer whose practice included bankruptcy law has been convicted of bankruptcy fraud charges following a two-week jury trial in federal court in Rockford.
KEVIN O. JOHNSON, also known as “KO Johnson”, 55, of Sycamore, Ill., Was convicted Friday on four counts of bankruptcy fraud, one count of false entry in a document in bankruptcy proceedings, a count of withholding records of the trustee in bankruptcy and a count of concealment of property consisting of accounts receivable belonging to the bankruptcy estate. Charges related to Johnson’s Chapter 7 bankruptcy information proceedings initiated on December 31, 2011.
The sentence is set for November 22, 2021 at 11:00 am Each charge carries a maximum penalty of five years in federal prison and a fine of up to $ 250,000 or double the gross gain or loss. gross loss resulting from the offense, whichever is greater. The actual sentence will be determined by the United States District Court, guided by United States sentencing guidelines.
The guilty verdict was announced by John R. Lausch, Jr., United States attorney for the Northern District of Illinois; and Emmerson Buie, Jr., special agent in charge of the local Chicago office of the FBI. The government is represented by Deputy US Prosecutors Matthew Schneider, Michael Love and Michael Beckman.