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.
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