Phoenix attorney pleads guilty to hiding ring from creditors

PHOENIX (AP) - A Phoenix attorney who filed for bankruptcy protection has pleaded guilty to hiding a diamond engagement ring from creditors.

Scott Maasen entered the plea Friday in U.S. District Court in Arizona.

Maasen had filed bankruptcy claims in 2009. But prosecutors say he had his father and fiancee purchase real estate, a diamond ring and a golf cart in their names.

Meanwhile, he continued to claim bankruptcy and settled a $1.5 million business loan for less than half the amount.

A grand jury had indicted him on a dozen charges in late 2016.

Maasen pleaded guilty to a single charge of concealing assets in bankruptcy. Prosecutors say they’ll drop the other charges.

Sentencing is set for July.