Case Name: In re GREENBERG et al.
Court: United States District Court for the Southern District of New York
Jurisdiction: United States
Decision Date: 1901-03-12
Citations: 106 F. 496
Docket Number: 
Parties: In re GREENBERG et al.
Judges: 
Reporter: Federal Reporter
Volume: 106
Pages: 496–496

Head Matter:
In re GREENBERG et al.
(District Court, S. D. New York.
March 12, 1901.)
Bankrupts — Concealment of Assets.
Where the evidence shows that the bankrupts have concealed a large portion of their assets, they will be committed until a sum equal to the value of the property so concealed is paid to the trustee.
In Bankruptcy.
Frederick M. Czaki, for trastee.
M. D. Steuer, for bankrupts.

Opinion:
BROWN, District Judge.
The testimony on the part of the bankrupts, particularly of Morris Greenberg, shows such a mass of fraud and perjury that it is impossible to determine precisely the amount of property concealed or removed. The referee's finding is undoubtedly warranted by the testimony as a whole, and is its logical result; and yet from the evident frauds and perjuries above referred to, and other circumstances attending the case, I am led to doubt whether the bankrupts or either of them when the order was applied for, had |2-2,000 under their control. I think it probable that through fraud, profligacy and waste, at least by the son, a considerable portion of -the assets disappeared in excess of what the referee has allowed for, but whatever remains concealed in their hands, I find the father equally responsible for. I conclude to direct a reduction to $14,000, and to order the bankrupts to be committed until paid, unless payment of said sum be made within 10 days.