Former Wyoming Neurosurgeon Sentenced for Bankruptcy Fraud
BILLINGS, Mont. (AP) — A former Montana and Wyoming neurosurgeon has been sentenced to two years in federal prison for trying to hide assets when he filed for bankruptcy after being sued for malpractice.
The Billings Gazette reports John Henry Schneider was sentenced Wednesday after earlier pleading guilty to concealing a bank account containing nearly $310,000. Four other bankruptcy fraud charges were dismissed, including one alleging he illegally transferred nearly $540,000 to another person.
Schneider filed for bankruptcy in December 2014 while facing $12 million in claims from former business partners and for malpractice. He settled the claims for $2.3 million but was allowed to keep a $2 million residence in California.
U.S. District Judge Susan Watters ordered Schneider to pay nearly $309,000 in restitution. He offered an initial payment of $35,000 on Wednesday.