A couple who filed bankruptcy in 2004 have been charged with
hiding assets and money laundering and income tax avoidance. But that may
only be part of their trouble. Federal agents have seized over 5 million
dollars in cash from their home in Colleyville, a DFW suburb.
"Larry Lake, a pharmacist who also owns auto-related
businesses, filed for bankruptcy in November 2004 and was discharged from
bankruptcy in 2009, according to federal court documents.
The bankruptcy documents listed Lake's estimated assets at
zero to $50,000. The day before the bankruptcy filing, court documents say, he
transferred about $3 million, moving about $2.7 million to a joint account with
his wife and buying a cashier's check made payable to her for $348,000.
He also filed various statements of financial affairs with
the bankruptcy court, and these remained virtually unchanged during the course
of the bankruptcy proceedings, the government alleges."
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