Federal authorities have charged Jon Hammill with three counts of bankruptcy fraud.
An indictment unsealed in U.S. District Court for the Middle District of Florida said the St. Petersburg man made misleading omissions and false statements in a Chapter 7 bankruptcy petition filed in February 2009.
According to the indictment, Hammill failed to disclose his relationship with Botfly LLC, a Florida company that purported to offer investments in the foreign currency markets, before he filed the bankruptcy petition. Hammill also is accused of failing to disclose his ownership in another company, Jon J. Hammill P.A.
Hammill and his company received about $1.5 million from Botfly before and after the bankruptcy petition was filed, according to a press statement from the U.S. Attorney for the Middle District of Florida.
If convicted on all counts, Hammill faces up to 20 years in prison and could be forced to give back the proceeds of the fraud, the statement said.
Copyright © 2011 American City Business Journals. All rights reserved.