Randallstown Man Convicted of Tax, Bankruptcy Fraud

A jury Thursday convicted Randallstown resident Ricardo O. Curry II of numerous fraud charges.

The 42 year old twice assisted in filing a false tax return, and gave false testimony under oath at a bankruptcy proceeding, according to a statement from the U.S. Attorney's Office.

He was also convicted of four counts of bankruptcy fraud, four counts of falsifying bankruptcy records.

In all, the pharmaceutical sales representative "failed to report income and assets totaling more than $740,000 and tried to fraudulently discharge debts of more than $1.1 million through bankruptcy," the statement said.

While he reported his income from pharmaceutical sales, he failed to report $415,201 in referral fees for finding investors for land in North Carolina, and a $325,000 home, both in tax and bankruptcy filings.

"On Oct. 20, 2009, Curry testified under oath at meeting of the creditors, falsely stating that all of his assets were listed in his bankruptcy filing, when in fact, Curry knew that he had not reported the referral fees, nor his home ownership," the statement said.

Therefore, his attempt to discharge his debts through bankruptcy was denied, it states.

According to prosecutors, Curry faces:

• A maximum sentence of 20 years in prison on each count of falsifying bankruptcy records
• Five years in prison on each count of bankruptcy fraud and for false testimony
• Three years in prison for each of the tax counts

He was convicted after a three-day trial and is in jail until his sentencing on June 4.