MIL-OSI Security: Orleans Parish Man Sentenced for Concealment of Bankruptcy Assets

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Source: Office of United States Attorneys

NEW ORLEANSJOSHUA BORGES (“BORGES”), age 38 and a resident of New Orleans,  was sentenced on February 28. 2024 by U.S. District Court Judge Carl J. Barbier to 2 years probation after BORGES previously pleading guilty to concealment of assets in connection with a bankruptcy, announced U.S. Attorney Duane A. Evans.

According to court records, on or about April 17, 2018, BORGES knowingly and fraudulently failed to disclose property that belonged to him in a bankruptcy case. Specifically, he knowingly and fraudulently failed to disclose to the trustee charged with control of the debtor’s property and from the creditors and the United States Trustee, $9,000.00 in cash on hand, and his business interest in Elite Enterprise Holding, LLC, which had a value of at least approximately $89,771.08.

In addition to the sentence, BORGES was sentenced to payment of a $5,5000 fine and a mandatory special assessment fee of $100. A restitution hearing has been set for May 9, 2024, to determine the loss to the victims in his bankruptcy proceeding.

The U.S. Attorney’s Office would also like to acknowledge the assistance of the Federal Bureau of Investigation, the Internal Revenue Service – Criminal Investigations, and the Office of the U.S. Trustee for the Eastern District of Louisiana with this matter.  The prosecution of this case is being handled by Assistant U.S. Attorneys Edward Rivera of the Financial Crimes Unit and Andre Lagarde of the Public Integrity Unit.

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