Former Chicago Rush Owner Arrested on Bankruptcy, Wire Fraud Charges

Federal prosecutors charged the former owner of the now-defunct Chicago Rush Monday with allegedly hiding assets from creditors and overstating his net worth in connection with buying the indoor football team.

David Staral, 35, was arrested Monday in Kenosha, Wisconsin, and was expected to be appear in federal court.

The feds allege that Staral lied under oath during a bankruptcy proceeding that he had no job, even after he had just purchased and was serving as the manager of the Rush.

The feds also say that Staral claimed he was worth $5 million when he bought the Rush but did not disclose that he had filed bankruptcy a month earlier.

"The charges further allege that Staral deposited approximately $5,000 from the sale of Chicago Rush tickets into his personal bank account and used some of the proceeds to cover personal expenses, including grocery and pharmacy payments, gas stations, and his car loan," the U.S. Attorney's Office said in a statement.

Bankruptcy fraud carries a maximum of five years in prison and wire fraud carries a maximum of 20 years in prison. Each count carries a maximum $250,000 fine.

Copyright CHIST - SunTimes
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