Court in Va. hears ex-Texas businessman’s appeal
By LARRY O'DELL, Associated Press | |
Associated Press |
A federal jury in 2011 convicted
Abdulwahab, 37, was one of the executives for a group of companies called A&O that used investor funds to buy life insurance policies from the policyholders at less than face value. Investors were supposed to be paid when the insured died, but A&O's partners spent their money on lavish lifestyles rather than safeguard the funds and pay premiums.
The scam claimed more than 800 victims in 36 states and
Abdulwahab is appealing all counts of his conviction, but the 30-minute hearing before a three-judge panel of the
"They were putting the money back into the business by paying commissions," said
At the very least, Gonyea said, Abdulwahab is entitled to resentencing.
Assistant U.S. Attorney
"It would be a waste of time and resources to do a full resentencing," Brumberg said.
Gonyea argued that prosecutors could not predict what the judge would do in a new sentencing hearing.
The appeals court usually takes several weeks to issue a ruling.
Abdulwahab was one of seven people convicted in the A&O conspiracy, which was prosecuted in
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