Richard S. Hartunian, United States Attorney, Northern District of New York, announced today the sentencing of a former Hamilton, New York resident following his conviction on bankruptcy fraud.
KENNEDY J. HYDE, 51, formerly of Hamilton, New York, was found guilty of bankruptcy fraud following a jury trial in federal court on April 4, 2012. Hyde had filed bankruptcy in United States Bankruptcy Court in Utica on October 6, 2008. He was found guilty of concealing approximately $50,000 from the bankruptcy court in connection with his case. Specifically, HYDE failed to disclose money that he controlled in an account in a bank in Ohio. HYDE also misrepresented his address in the bankruptcy petition, claiming to reside in Oneonta, when in fact he resided in Ohio.
United States District Court Judge Norman A. Mordue sentenced HYDE to 27 months’ imprisonment. HYDE will also be required to make restitution. The court deferred determining the precise amount of restitution pending the receipt of additional information.
The case was investigated by the Federal Bureau of Investigation. The case was prosecuted by Assistant United States Attorney Edward R. Broton.