RIDGELAND MAN PLEADS GUILTY TO BANKRUPTCY FRAUD
Jackson, Miss – William Marshall Wolfe, 45, of Ridgeland, pled guilty today in U.S. District to the fraudulent transfer of approximately $1.5 million in real property from the bankruptcy estate of Steadivest, LLC, announced U. S. Attorney, Gregory K. Davis, Acting U. S. Trustee Henry G. Hobbs, Jr. of Region 5, FBI Special Agent in Charge Donald Alway, IRS Criminal Investigation Special Agent in Charge Jerome R. McDuffie, and Inspector in Charge Robert B. Wemyss of the U. S. Postal Inspection Service.
William Marshall Wolfe placed Steadivest, LLC, in bankruptcy in the Southern District of Mississippi on March 23, 2009. On the eve of bankruptcy, Wolfe, as owner and managing officer of Steadivest, LLC, fraudulently transferred real property belonging to Steadivest, LLC, or its related entities, to another company, which he managed and solicited investors, in order to keep the properties from the bankruptcy estate, all in violation of Sections 152(7), Title 18, United States Code.
Wolfe will be sentenced on March 3, 2015 at 9:00 a.m. by U.S. District Judge Carlton W. Reeves. He faces a maximum sentence of five years in prison and a $250,000 fine.
The U. S. Trustee referred this matter to the U. S. Attorney for prosecution. The investigation was conducted by the FBI, IRS Criminal Investigation, and the U.S. Postal Inspection Service, with assistance from the U.S. Trustee.
Kingfish note: JJ was discovered the fraud in 2009 after reviewing property records.