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Saturday 4 April 2009

Lin Castre Gosman, the wife of former health care magnate Abe Gosman, on Friday pleaded guilty to several fraud-related charges

Lin Castre Gosman, the wife of former health care magnate Abe Gosman, on Friday pleaded guilty to several fraud-related charges in connection with the couple’s high-profile bankruptcy case.
Gosman, 60, was charged with lying about the whereabouts of jewelry, artwork and furniture she stashed in a public storage facility. The former Palm Beach socialite also admitted to mortgage fraud for failing to disclose in 2005 a $66 million judgment against her when she tried to get a second $350,000 mortgage on a home in Jupiter.Gosman was indicted in November on several felony counts, including bankruptcy and mortgage fraud.She also admitted to tax fraud for failing to disclose a foreign bank account in Switzerland, that she received distributions form a foreign Belize trust, and the substantial interest and dividend income she earned on money held in a foreign account.Gosman has agreed to pay $343,966 as restitution to the Internal Revenue Service for her 2004 through 2008 tax liabilities.Sentencing is set for July 8.

Abe Gosman once was one of Palm Beach County's biggest philanthropists. He filed for Chapter 11 bankruptcy protection in 2001. In 2005, the court found that Gosman had shifted assets to his wife.

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