06/01/2011

News / Madison Man Sentenced for Lying During Bankruptcy Proceeding

MADISON, WI—John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Edward W. Fedosky, 56, Madison, Wis., was sentenced Friday, May 27, by U.S. District Judge Barbara B. Crabb to six months in prison for lying under oath at a bankruptcy hearing. Fedosky pleaded guilty to this charge on March 15, 2011.

On October 3, 2006, Fedosky filed a Chapter 7 bankruptcy petition, seeking to discharge just under $19,000 owed to various creditors. Throughout the following 17 months, Fedosky repeatedly failed to provide requested documents to the bankruptcy court and failed to appear at a number of scheduled hearings. Finally, on March 24, 2008, Fedosky appeared at a scheduled meeting and falsely testified under oath about the tax return that he provided to the bankruptcy trustee. After the bankruptcy trustee found out that Fedosky had lied, Fedosky's bankruptcy case was closed in November 2008 without an order discharging his debts and no monetary loss to the government.

In sentencing Fedosky to six months in prison, Judge Crabb rejected Fedosky's request for a sentence of probation. Judge Crabb noted that while Fedosky looked on the outside like someone who is successful, in fact, he simply does not want anyone telling him what to do. The judge described Fedosky as a person with no personal accountability. Judge Crabb pointed out that Fedosky's $250,000 student loan debt also suggested that he figured that the taxpayers would cover his debts while he went out and spent money on other things. Judge Crabb stated that Fedosky consciously lied during his bankruptcy and concluded that a sentence of probation would not be appropriate. Fedosky's prison term will be followed by a two-year period of supervised release

The charges against Fedosky were the result of an investigation conducted by the Office of the United States Trustee and the Federal Bureau of Investigation. The prosecution of the case has been handled by Assistant U.S. Attorney Laura Przybylinski Finn.

http://milwaukee.fbi.gov/dojpressrel/pressrel11/mw053111.htm

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