U.S. District Judge Thomas M. Rose ordered Hock, currently of Chicago, to pay about $1 million in restitution to Domin- 8 and $326,000 in restitution to the Internal Revenue Service.
During the bankruptcy proceedings, Hock was responsible for handling the company’s liquidation and transfer of assets, completing claims reviews and making appropriate distributions to various creditors of the company.
He embezzled approximately $1,080,289.73 that belonged to the bankruptcy estate of Domin-8 through a variety of means, including writing checks to himself from the trust’s bank accounts.
The checks were deposited into Hock’s personal bank account and then used for his personal expenses.
In addition, Hock wrote cashier’s checks from the trust’s bank accounts in order to purchase several personal vehicles, including two luxury vehicles — a 2006 Land Rover and a 2009 Jaguar XF — and a 2010 Honda Civic for his daughter.
Hock attempted to conceal his activities by submitting four false post confirmation reports in which he did not include all the payments he made to himself and all expenses paid on his behalf.
Hock committed tax evasion on his 2010, 2011 and 2012 tax returns by claiming that his taxable income was much less than it actually was. In total, he attempted to evade paying approximately $326,000 in federal income taxes for those years.
Hock pleaded guilty to the embezzlement and tax evasion charges on Aug. 19, 2015.
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