ROANOKE, Va. (WFXR) — A woman pled guilty in U.S. District Court for failing to disclose her family’s ownership stake in a series of show ponies as part of a bankruptcy proceeding.
Laura Wright, 52, pleaded guilty Tuesday to concealing property in relation to a bankruptcy proceeding. When sentenced, Wright faces up to five years in prison and a fine up to $250,000.
According to court documents, on September 2, 2014, Laura Wright, and her husband Stacey Wright, filed a voluntary bankruptcy petition in the United States Bankruptcy Court for the Western District of Virginia in the Roanoke Division. At the time of the filing, Laura Wright was an attorney with prior bankruptcy experience and a member of the Virginia State Bar.
Prior to filing bankruptcy, and continuing throughout the bankruptcy proceedings, the Wrights incurred substantial expenses associated with the sport of pony jumping, an activity their then-minor child was participating in, and they bought, sold, and maintained ownership interests in several show ponies, the U.S. Attorney’s Office for the Western District of Virginia said in a statement.
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