Shreveport businessman Harold L. Rosbottom, Jr., 55 and his co-conspirator girlfriend Ashley Kisla, 44 of Coushatta, LA were recently convicted by a federal jury for concealing assets from creditors during Rosbottom's bankruptcy proceedings worth up to $2 million. Both Rosbottom and Kisla are facing a maximum penalty of 20 years in prison along with hefty fines in relation to conspiracy and money laundering.
Rosbottom and Kisla were found guilty on a number of charges that included conspiracy to launder money for a fisherman boat and interest related to a private jet. Rosbottom's bankruptcy case is still pending in Louisiana. The convictions are focused on 17 cashier's checks that were made out to Rosbottom totaling just over $1.8 million. When Rosbottom filed his petition he failed to disclose the cashier checks to the Bankruptcy Trustee.
The federal jury reviewed an extensive amount of documentation that led to Rosbottom's convictions which included 3 counts of concealing assets, 2 counts of giving a false oath, and one count of illegal transfer of assets. He was also convicted of one count of conspiracy to commit bankruptcy fraud and conspiracy to commit money laundering. Rosbottom may face 20 years in prison and a fine that is twice the amount of money included in the money laundering transaction. He also faces 5 years in prison and a $250,000 fine for each convicted account.
Rosbottom's girlfriend Ashley Kisla is also facing similar charges. She also faces 20 years in prison and a fine that is twice the amount of money included in the money laundering transaction. She also faces 5 years in prison and a $250,000 fine for two convicted accounts. Both Rosbottom and Kisla are in custody and will be sentenced early January 2013.