Melchiori Construction Owner Pleads Fifth in Bankruptcy Hearing

Posted: Updated:

By Julie Katz - email

SANTA BARBARA, Calif. - Melchiori Construction Company owner Mark Melchiori pleaded the fifth during a bankruptcy hearing on Wednesday.

Melchiori is accused of moving money from company accounts to his personal accounts.

He was also asked if he has any offshore accounts or assets and if his divorce covered-up money he owes to creditors.

Santa Barbara Bank and Trust alleges Melchiori owes them $9 million.

Melchiori's ex-wife was sued by Rabobank in December for more than $1 million in unpaid business loans.

News Right NowNewsMore>>
Dear Jon: Why So Many Cab Companies in the Phone Book?
Dear Jon: Why So Many Cab Companies in the Phone Book?
Updated: Friday, May 24 2013 10:26 PM EDT2013-05-25 02:26:59 GMT
Dear Jon – Join us on Tuesday and Thursday for answers to your questions. Larry writes, "How come the phone book shows a whole list of cab companies in San Luis Obispo when there are only two?" That'sMore >>
Dear Jon – Join us on Tuesday and Thursday for answers to your questions. Larry writes, "How come the phone book shows a whole list of cab companies in San Luis Obispo when there are only two?" More >>
Friday Movie Focus: Movies Coming To Theaters This May 24th Weekend
Friday Movie Focus: Movies Coming To Theaters This May 24th Weekend
Updated: Friday, May 24 2013 7:35 PM EDT2013-05-24 23:35:14 GMT
CENTRAL COAST, Calif. - You can't say "summer" without "sequel." This weekend, two big ones are hitting the box office. Here is a breakdown of the latest movies coming to theaters: THE HANGOVER PARTMore >>
CENTRAL COAST, Calif. - You can't say "summer" without "sequel." This weekend, two big ones are hitting the box office.More >>
Customers Threaten Santa Maria Ford With Lawsuit
Customers Threaten Santa Maria Ford With Lawsuit
Updated: Friday, May 24 2013 7:35 PM EDT2013-05-24 23:35:07 GMT
SANTA MARIA, Calif. -- Customers are threatening lawsuits against the Santa Maria Ford Dealership for false advertising. The dealership has come under fire after customers say they were lured in byMore >>
Customers are threatening lawsuits against the Santa Maria Ford Dealership for false advertising.More >>
14-Year Old Defendant in Santa Maria Homicide In Court Today
14-Year Old Defendant in Santa Maria Homicide In Court Today
Updated: Friday, May 24 2013 7:33 PM EDT2013-05-24 23:33:49 GMT
SANTA MARIA, Calif. - 14-year old Ramon Maldonado Jr. was arraigned in court today for the first time since he was arrested Wednesday night in connection with the alleged torture and murder of 28-yearMore >>
SANTA MARIA, Calif. - 14-year old Ramon Maldonado Jr. was arraigned in court today for the first time since he was arrested Wednesday night in connection with the alleged torture and murder of 28-yearMore >>
Central Coast Students Graduate Amid Trillion Dollar Loan Debt
Central Coast Students Graduate Amid Trillion Dollar Loan Debt
Updated: Friday, May 24 2013 7:32 PM EDT2013-05-24 23:32:40 GMT
SANTA MARIA, Calif. -- Though community college students across the Central Coast are graduating some are worried about the mounting financial cost of continuing their education. It's a day of celebrationMore >>
To add to their worries, if congress doesn't act, the student loan interest rate is set to double to 6.8% by July !1st.More >>

Melchiori Construction Owner Pleads Fifth in Bankruptcy Hearing - KCOY Santa Maria, Santa Barbara, San Luis Obispo - News

Melchiori Construction Owner Pleads Fifth in Bankruptcy Hearing

News Right NowNewsMore>>