Indictment: Bujak didn't mention Rolex during bankruptcy hearing

BOISE, Idaho (KBOI) -- Former Canyon County Prosecutor John Bujak has been indicted by a federal grand jury on several charges related to a bankruptcy hearing.

The United States Attorney's Office says the jury indicted Bujak on charges of fraud, concealment of assets, making a false statement under oath, money laundering and obstruction of justice.

The indictment alleges that during Bujak's bankruptcy hearing from Nov. 2010 to Sept. 2011, he failed to disclose his wife's Rolex watch while under oath. The indictment goes on to allege that the former prosecutor sold the watch and a diamond ring to a jewelry store in Florida and received a check for $26,000 for payment. | Read the Indictment

Federal officials say he never concealed the sale of the watch and cashed the check at a MoneyTree store in Caldwell.

Bujak faces serious jail time if convicted by a jury. The charges of bankruptcy fraud, concealment of assets and making a false statement under oath are each punishable by up to five years in prison. The maximum sentence for money laundering is up to 20 years in prison while those convicted of obstruction of justice face up to 10 years.

He will also face hundreds of thousands of dollars in fines. Bujak currently is running a law firm, Bujak Law Group in Meridian.

Bujak later posted this statement to his Facebook page in response to the indictment:

"I received some unpleasant news today (it definitely felt like deja vu). I learned from news reporters that the federal government has charged me with crimes related to my bankruptcy case. The charges are based on allegations made over two years ago by my ex-wife. So it's back into the ring I go with gloves off. I intend to defend against the charges and work through the court system to clear my name (again). I appreciate all of you who have continued to show support for me and my family and thank you for your thoughts and prayers."

Stay tuned for details.