The U.S. Attorney for the Southern District of Texas in Houston, Kenneth Magidson, issued a press release on Feb. 19, 2014, revealing that Calvin C. Braun, a Houston attorney who handles bankruptcy cases, has been arrested on charges of bankruptcy fraud and filing false declarations in bankruptcy court.
Braun was charged in a four-count indictment. According to the press release, "an indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through process of law."
Mr. Braun was taken into custody yesterday and made an initial appearance before U.S. Magistrate Judge George C. Hanks. He was permitted release upon posting bond and was further ordered to not to take on any new bankruptcy cases.