A former Kittery woman was sentenced Monday in U.S. District Court in Portland to serve a year and a day in prison on two counts of bankruptcy fraud for failing to disclose $70,000 worth of property and trying to conceal another $125,000 last year.

Rana J. Clarizio, 46, who now lives in Oak Brook, Illinois, tried to hide or incorrectly report lavish purchases and gifts, including a Mercedes-Benz sedan, a Rolex watch, jewelry, artwork and resort memberships, when she filed for bankruptcy on March 21, 2014 in Maine, according to a prosecution document.

Clarizio then lied under oath on May 2, 2014, during a meeting with creditors that focused on her 2013 sale of a house in North Hampton, New Hampshire, for $400,000 one year and one day before filing for bankruptcy, Assistant U.S. Attorney Donald Clark said in the document.

“During her testimony and in her accounting, however, the defendant failed to disclose that on November 21, 2013, she had transferred $100,000 of the sale proceeds to a friend in Florida and thereafter spent the money. She also failed to disclose that on January 6, 2014, $25,437 of the sale proceeds held by the friend were used to purchase a 2010 Mercedes C300 as a gift for another friend,” Clark wrote.

Clarizio was also sentenced by U.S. District Judge George Singal to serve three years of supervised release after completion of her 366-day prison term and pay $185,585 in restitution, according to court records.

She pleaded guilty to both counts of bankruptcy fraud on May 10 after waiving her right to have her case presented to a federal grand jury.

The judge allowed Clarizio to remain free on an unsecured $15,000 bond until Oct. 28, when she must report to the U.S. Bureau of Prisons.

Scott Dolan can be contacted at 791-6304 or at:

sdolan@pressherald.com

Twitter: scottddolan

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