Auburn Man Sentenced on Bankruptcy Fraud Charges

PORTLAND, ME—United States Attorney Thomas E. Delahanty II announced that Maurice Roundy, age 66, of Auburn, Maine, was sentenced today in U.S. District Court in Portland, by United States District Judge George Z. Singal to two years of imprisonment to be followed by three years of supervised release for bankruptcy fraud. Roundy was found guilty of two bankruptcy fraud charges by a jury on May 20, 2011.

According to evidence introduced at trial, Roundy filed for bankruptcy in October 2005. In his bankruptcy filings and subsequent testimony, he claimed that, months before filing for bankruptcy, he sold three Lockheed L1649A Super Constellation Starliner airplanes that he owned to a purchaser in Florida for $20,000 and had no Purchase Agreement for the transaction. In fact, a month before filing for bankruptcy, he sold the Constellations to the purchaser pursuant to an Aircraft Purchase Agreement for $500,000 that called for payments to be made in $50,000 biannual installments. Roundy had been paid $75,000 under the Agreement. Roundy concealed the Agreement and the payments made under it from his bankruptcy trustee and creditors. When his deception came to light, his bankruptcy trustee recovered the Constellations and sold them at auction for $748,000 to Lufthansa Airlines.

The investigation leading to today’s verdict was conducted by the Federal Bureau of Investigation with assistance from the Office of the United States Trustee.