A Shreveport businessman who was indicted last year on charges he allegedly concealed nearly $2 million from his creditors and the government was in U.S. District Court again Thursday.
Assistant U.S. attorneys filed a motion Wednesday to revoke the bonds of Harold Rosbottom and Ashley Kisla, both of which were indicted in October 2011. At the request of Rosbottom's attorney, the case was continued until Friday morning.
Rosbottom was indicted in October 2011 and charged with four counts of concealing assets, two counts of false oath and two counts of money laundering. Rosbottom allegedly concealed money during the course of his bankruptcy proceeding and subsequently laundered the money in order to purchase a 65-foot fishing boat and a half-interest in a private jet.
Ashley Kisla was charged with one of false oath. Kisla allegedly aided and abetted Rosbottom in concealing assets.
In the motion filed on May 23, 2012, prosecutors allege Rosbottom and Kisla violated the conditions of their pretrial release by continuing to conceal assets from his creditors and the United States Bankruptcy Trustee.
The motion says Rosbottom attempted in February 2012 to recover the value of his Charter Equity interest in the Ocean Reef Club, a private club in Key Largo, Florida. The equity interest was valued at $200,000 when purchased in 2008, according to Assistant U.S. Attorney William Flanagan.
U.S. attorneys also allege that Rosbottom, aided and abetted by Kisla, removed all personal property from a residence in Miramar Beach, Florida, without the permission of the bankruptcy court. The Florida residence belongs to the bankruptcy estate, and the motion says a significant portion of the items are now in a storage facility located on the property of Kisla's parents in Coushatta, Louisiana.
If convicted, Rosbottom faces a maximum penalty of five years in prison, a $250,000 fine, or both, on each count of concealment of assets, and a similar prison term and fine on each count of false oath and account. The money laundering counts carry a maximum penalty of 20 years in prison, a fine of twice the amount of money involved in the transaction, or both. If convicted, Kisla faces a maximum penalty of 5 years in prison, a $250,000 fine, or both. The indictment also seeks the forfeiture of $1,677,506 from Rosbottom.
Both will be back in court for a pretrial bond hearing in Shreveport Friday morning.