Life of Riley doesn’t fly with court |

Life of Riley doesn’t fly with court

ASPEN ” An Aspen man’s seemingly lavish lifestyle has landed him in federal custody.

Harry Schreiber was arrested by a United States marshal in Aspen on Sept. 12 on suspicion of violating terms of his supervised release, which stipulated that he keep his probation officer abreast of his finances, among other conditions.

Instead, Schreiber purchased an Audi, bought his then-girl friend expensive jewelry and vacationed with her at the Four Seasons in Hawaii, but failed to fully disclose his dealings to his probation officer, all the while not making good on an $80,000 court fine, according to federal court documents.

He remains in custody of the U.S. marshal in Grand Junction, and was advised of the charges on Monday.

Schreiber has been on supervised release ever since Feb. 28, 2006, in connection to a 120-month prison sentence and court order to pay the fine and $354,253 in restitution for his conspiracy, bankruptcy and wire fraud convictions, according to court papers.

He and Mark Izydore were convicted in March 1997 in a case involving a manufacturing company. He was re-sentenced in 1999, and after being released early from federal prison, Schreiber was put on supervised release for a three-year term, court records show.

Schreiber’s supervised release called for him to provide the U.S. Probation Office to access to his financial information, as well as not incurring new credit charges without the office’s permission. Additionally, Schreiber was forbidden from overseeing any funds of other persons, court documents say.

Schreiber, however, has shunned the court order by obtaining “hundreds of thousands of dollars” in a revolving credit line and not reporting it to the probation office. He also allegedly concealed bank accounts from the probation office.

Upon learning this, last December the probation office ordered Schreiber to increase his monthly payments from $2,000 to $30,315. But Schreiber ignored the order from January through the end of June, court documents allege.

On Sept. 8, Schreiber’s probation officer and a U.S. attorney in Austin, Texas, filed paperwork seeking a warrant for Schreiber’s arrest. A U.S. magistrate judge signed it the same day, and Schreiber was arrested four days later.

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