Los Angeles CA
11-14-2023 5:33pm

Agoura Hills Property Developer Sentenced to Nearly 3½ Years in Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns

 

LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned nearly $2.3 million in income and for failing to report almost $6.9 million in income on his tax returns.

Mark Handel, 69, was sentenced by United States District Judge Otis D. Wright II, who also fined Handel $20,000 and ordered him to forfeit approximately $3,545,712, which represents the proceeds of the sale of real estate in Alameda County. Judge Wright also ordered Handel to pay the IRS approximately $1,618,836 in outstanding tax liabilities, including penalties and interest.

Read the full story below.

Agoura Hills Property Developer Sentenced to Nearly 3½ Years in Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns

Shared via the desk of United States Attorney Martin Estrada.

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