Man gets probation for bankruptcy-related fraud
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.