Sukamto Sia was deported
and lives in Singapore
Question: What ever happened to Sukamto Sia, the former Honolulu investor from Indonesia who pled guilty to bankruptcy fraud and wire fraud in 2001?
Answer: Sia was released from federal prison in September, got deported and is in Singapore.
A well-known Hawaii developer who ran into problems amid the Asian financial meltdown of the late 1990s, Sia was convicted of criminal charges of financial wrongdoing and served 2 1/2 years in prison.
Formerly known as Sukarman Sukamto, Sia invested in the former Bank of Honolulu in 1987 and later became owner. He also sold the state the land for building the $350 million Hawai'i Convention Center.
He ran into legal troubles in 1998, some of them gambling related, and filed for bankruptcy in Honolulu, claiming he had nearly $300 million in debts. The Bankruptcy Court later began liquidating his assets, and a trustee began investigating whether Sia was hiding his wealth from creditors.
A federal grand jury indicted Sia in 2000 for fraud, and more counts were added later. He denied the charges but eventually pleaded guilty to get a reduced prison sentence.
The Bank of Honolulu was seized by regulators and is now part of the Bank of Orient, based in San Francisco.
It was unclear what Sia is doing now that he is free from the U.S. prison system.
"All I know is he's in Singapore," said Bill McCorriston, one of Sia's Honolulu defense attorneys.
Now that Sia has been deported, he would need authorization to re-enter the United States.
"What Ever Happened to ..." runs Saturdays. This update was written by Tim Ruel.
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