Please do not leave this page until complete. This can take a few moments.
Kurt Claywell will be sentenced Jan. 2 for conspiracy to commit bankruptcy fraud. Authorities say he concealed more than $200,000 in assets, including cash, land, books and a wine collection he had recently divested, from a bankruptcy court and trustee during a voluntary bankruptcy filing in 2005.
Claywell, who also faces restitution, is serving a 66-month federal prison sentence for various tax and mail fraud violations. He also was convicted of fourth-degree sexual assault and accessory to bribing a witness.
"The defendant has demonstrated that he is incorrigible," prosecutors wrote in court papers filed Thursday. "The defendant's guilty pleas to financial fraud charges have not resulted in rehabilitation, but rather have been followed by additional financial fraud crimes resulting in significant financial loss to others and in the waste of taxpayer dollars better spent on other pursuits."
During the Rowland investigation, Claywell, a Simsbury electrical contractor, told investigators he gave Rowland expensive cigars and champagne in exchange for access to state contracts. Claywell, who was not charged in the Rowland case, was already facing unrelated tax and fraud charges when he agreed to cooperate in the corruption probe that led to Rowland's resignation and one-year prison sentence.
Claywell's attorneys asked for a sentence of about three years. They said Claywell's latest scheme was bound to fail because his prior criminal conviction would lead to more scrutiny and creditors included the wife he was divorcing and his own divorce attorney.
"Indeed, Mr. Claywell's misguided efforts to conceal assets failed in very short order and in the end harmed him in some respects more than it harmed his creditors," Claywell's attorneys wrote in court papers.
Prosecutors rejected that argument, saying Claywell's wife was not aware of the land he owned.
"The defendant should not benefit in this instance because of the audacity of his crime," prosecutors wrote. "Rather, he should be punished to the fullest extent because he simply will not voluntarily comply with any financial rule that is not to his personal benefit."
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments