Alpharetta man sentenced for bankruptcy fraud
A 65-year-old Alpharetta real estate broker was sentenced Wednesday to prison for his role in a bankruptcy fraud scheme.
Robert Negrelli, who owned a real estate company that specialized in high-end homes and horse farms, was sentenced to 15 months in federal prison, the U.S. Attorney's Office said.
During a 2005 bankruptcy, Negrelli stated that his business income was $81,000 for the previous two years, when IRS records showed he reported about $560,000 in gross income for 2004 and 2005, federal prosecutors said. When confronted, Negrelli admitted he had made significantly more income from Negrelli Realty, prosecutors said.
About the Author
Bill Rankin has been an AJC reporter for more than 30 years. His father, Jim Rankin, worked as an editor for the newspaper for 26 years, retiring in 1986. Bill has primarily covered the state’s court system, doing all he can do to keep the scales of justice on an even keel. Since 2015, he has been the host of the newspaper’s Breakdown podcast.
