7. Abby Lee Miller
The loss: Abby Lee Miller, aka the bristly dance coach on reality TV show Dance Moms, made a bad situation worse by trying to hide a good chunk of her income ($775,000 to be exact) during her bankruptcy. As a result, she spent eight months in jail for fraud.
The lesson: Most people who file for bankruptcy don’t have Dance Moms kind of cash that they’re trying to hide. In fact, the average bankruptcy filer makes less than $33,000 a year. But the takeaway is to always be honest when you’re going through a bankruptcy. “The last thing you need is to complicate your issues with a bankruptcy fraud charge,” Bovee said.
