Partly Cloudy
72°FPartly CloudyFull Forecast

Man gets probation for bankruptcy-related fraud

Published: Tuesday, April 16, 2013 7:35 a.m. CDT

BENTON — A three-year probation sentence has been handed a southern Illinois man who admitted to concealing from a bankruptcy trustee a more than $10,000 payment from a train derailment settlement.

Thirty-seven-year-old David Woodside of Tamaroa pleaded guilty in December to one count of fraudulently concealing assets from a U.S. trustee in his 2009 bankruptcy case.

Prosecutors say Woodside was seeking relief from $49,000 he owed to creditors when he repeatedly failed to disclose he was to get the settlement from a class-action lawsuit.

That payout was related to a 2003 train derailment in the center of his 1,000-resident town about 65 miles southeast of St. Louis. No one was injured.

As part of his sentence, Woodside also must serve 30 hours of community service.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Reader Poll

Which road construction project will affect you most?
Route 14 widening
Charles Miller Road construction
S. Main Street widening in Crystal Lake
Route 31 widening