A Manahawkin 51-year-old who tried to hide more than $400,000 she got in a Ponzi scheme, then lied on a bankruptcy filing, can expect to spend up to two years in prison.

Marjorie Parise's sentence in a Trenton federal courtroom today corresponds to her guilty plea to one count of bankrupcy fraud, related to events that began in 2003, according to information from the office of New Jersey U.S. Attorney Paul J. Fishman.

Parise and her husband, prosecutors said, poured $115,750 into Global Trading Investments, receiving a return of $429,154.91. The profits were actually transfers of money from other investors. Global Trading later filed for Chapter Seven bankruptcy protection.

Prosecutors said that in August 2006, Parise was given a court order to return the money to a trustee.

However, starting the following month and continuing into early December, said investigators, Parise withdrew about $455,850 from bank accounts of which the trustee had no knowledge. They counted 67 withdrawals, all under the $10,000 limit for filing currency transaction reports.

At the same time, in November, Parise adjusted her sole home ownership to include her husband and raised their home equity line of credit, according to investigators.

In July 2008, Parise filed for Chapter Seven protection, prosecutors said, failing to report real estate holdings worth millions of dollars and personal assets valued in the hundreds of thousands.

Parise is also expected to serve three years of supervised release, and pay $353,404 in restitution.