Fort Smith man sentenced for bankruptcy fraud

A Fort Smith man was sentenced Tuesday to two years in prison for bankruptcy fraud and being a felon in possession of a firearm, according to a news release from U.S. Attorney Conner Eldridge.

Randall Bee "Randy" Blythe, 58, will also have to pay $468,309 in restitution and serve three years of supervised release, according to the news release.

Blythe was convicted of transferring property including six collector automobiles and $150,000 in checks to his mother's company, Classic Cars of Northwest Arkansas, to conceal from creditors and the bankruptcy court, the news release stated.

“This defendant fraudulently concealed assets from his creditors and from the Bankruptcy Court," Eldridge said in the news release. "This type of fraud will be prosecuted to the fullest extent in the Western District of Arkansas. People who use the bankruptcy system to discharge debts while hiding assets tarnish the system and do a disservice to the honest petitioners seeking a second chance.”

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