Boulder doctor sentenced to prison for bankruptcy fraud

The Boulder doctor who pleaded guilty in August to bankruptcy fraud was sentenced in United States District Court in Denver on Friday to 18 months in prison.

Cathleen Van Buskirk, 55, appeared in court free on bond on Friday and must report to the Bureau of Prisons no later than April 19, according to a news release from the United States Attorney‘s Office.

Van Buskirk pleaded guilty to a single count of bankruptcy fraud in August. Court records show that Van Buskirk‘s prosecutors agreed in a plea deal not to ask for more than 33 months in federal prison.

Van Buskirk was indicted last year after prosecutors said she “deliberately failed to disclose certain assets and took various steps to conceal her interest in those concealed assets” in 2014 and 2015.

According to the plea agreement, Van Buskirk went into debt after a failed real estate investment in New Mexico. Prosecutors said that while considering filing for bankruptcy, Van Buskirk had her sister and an employee create companies to which she moved money.

She also gave gold and silver coins, a diamond ring, and $48,000 in cash to a friend “for the purpose of hiding those assets from the bankruptcy trustee.”

In total, prosecutors believe Van Buskirk hid about $250,000 in assets from the bankruptcy trustee. The trustee was notified by Van Buskirk‘s friend of the other assets, which prompted him to open the investigation.

Van Buskirk operated Alpine Spine Center, P.C., at 4745 Arapahoe Ave., in Boulder. The center‘s website says it is now closed.

In a 2011 profile published by The Denver Post, Van Buskirk is described as living in Erie with a home that backed up the airport so she could fly her “gleaming Cirrus Turbo SR-22 single-engine airplane with advanced avionics.”

In that story, Van Buskirk also discussed owning a Porsche Boxster, a Range Rover and a Vespa scooter that she kept in the hangar at her house, which she called “Enticement Alley.”





Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.