Indicted investor had bankruptcy filings in 2001 and 2011

Baker businessman James R. Holdman filed bankruptcy cases in 2001 and 2011 before a federal grand jury in Baton Rouge indicted him Feb. 28 on 18 counts of mail fraud. Holdman, 57, cost investors in his hedge fund operations $13 million by sending them false statements that reflected nonexistent profits, U.S. Attorney Donald J. Cazayoux Jr. said after the grand jury returned the indictment. “Prosecuting those who commit investment fraud in (this) district will continue to be a priority,” Cazayoux added. In a telephone interview Thursday, Holdman declined to discuss that indictment. He also declined to name any attorney who could speak on his behalf. No attorney for Holdman is listed in the federal court file containing his indictment. “I’m really not going to comment,” Holdman repeated. Holdman won discharge from debts listed in his 2001 bankruptcy case, but those records are archived in Fort Worth, Texas. And documents containing the amount of his assets and debts in that case cannot be opened in the electronic file available in Baton Rouge. When Holdman filed for bankruptcy in June 2011, he listed total assets of $233,455 and total debts of nearly $12.1 million. He was discharged from his debts in January 2012. Read the rest at http://theadvocate.com/home/5456548-125/indicted-investor-had-bankruptcy-filings