TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

North Huntingdon businessman accused of hiding assets in bankruptcy

Daily Photo Galleries

Monday, Jan. 27, 2014, 2:00 p.m.
 

A North Huntingdon businessman failed to list a Fayette County chalet, 75 of the 102 firearms he owned and a 1932 Ford hot rod when he filed for bankruptcy in 2010, according to a federal indictment unsealed Friday.

A federal grand jury last Tuesday indicted Michael J. Free, 62, on four counts of bankruptcy fraud and one count each of concealing assets and making false oaths and claims.

There was no phone listing for Free and no attorney listed in court documents.

Westmoreland County deputy sheriffs seized the guns in 2012 after a federal bankruptcy judge cited Free, the owner of Electra Lighting and Electric Co., with civil contempt for hiding and selling his assets.

The indictment says he failed to account for more than $350,000 he made from selling assets. He also hid his ownership of four snowmobiles, a lawn tractor, miscellaneous tools and a flatbed trailer, prosecutors say.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Stories

  1. NFL coaches weigh in on Polamalu’s legacy
  2. Arrests follow South Side fracas
  3. Spring training breakdown: Pirates 4, Braves 2
  4. Penguins’ Letang leaves hospital, ‘day-to-day’ with concussion
  5. Income tax’s origin provides spark for Berry’s new thriller
  6. Flash!: ‘Bowling with the Bus’; Dreams of Hope fundraiser
  7. Alvarez latest in Pirates’ revolving door at first base
  8. Gifting Gala attendees tell of Family House’s support system
  9. 20-plus eateries participate in sold-out Glass Slipper Ball in Cranberry
  10. Michigan State tops Louisville in OT to reach Final Four
  11. Oakmont club brings gardening inside at senior facility