Upstate NY man sentenced in bankruptcy fraud case

Posted at: 10/28/2012 10:31 AM
By: Cadence Acquaviva

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ALBANY, N.Y. (AP) - Federal prosecutors say a former upstate New York man has been sentenced to more than two years in prison and will be required to make restitution for bankruptcy fraud.

Authorities say 51-year-old Kennedy J. Hyde, formerly of Hamilton, was convicted by a federal jury in April, found guilty of filing for bankruptcy protection in 2008 while concealing $50,000 from the court in an Ohio bank.

Prosecutors say Hyde also claimed in his bankruptcy petition to reside in Oneonta, another upstate community, when he actually lived in Ohio.

U.S. District Court Judge Norman Mordue sentenced Hyde to 27 months, with the court deferring the precise restitution amount until gathering more information.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)





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