Companies undertaking global construction projects can manage their risk more effectively by working with an insurance provider positioned to address their unique needs worldwide.
Spotlight on Africa: Opportunities Abound but Growth Also Presents Risks
Insurance Choices for Multinationals Vary
Clients in Conflict Areas: Mitigating Risks through Partnership
Spotlight on Latin America: Opportunities Abound Despite Challenges
June 30--ST. LOUIS -- A St. Louis man was arrested Monday on mail fraud and arson-related charges, federal prosecutors said Monday.
Mardell McGee, 45, owned businesses that bought, rehabbed, rented and sold residential properties, prosecutors said. In late 2011, he sold a St. Louis house to a "woman with whom he had a relationship and a child" for $100,000, financing its purchase through one of his businesses, Nationwide Lending Services, they said.
In the early morning of Feb. 27, 2012, McGee "caused a fire to be set" at the house, prosecutors said.
McGee was "involved" in the insurance claim, which later resulted in a $80,265 check to the homeowner and Nationwide Lending, the U.S. Attorney's office said. McGee deposited the entire check in a Nationwide Lending bank account he opened the same day.
Nine months later, on Nov. 7, State Farm, the insurance carrier, asked for the money back. Six days after that, McGee transferred $55,000 of the money to two other accounts he controlled, prosecutors said.
McGee was indicted June 25 on two counts of mail fraud, one count of arson in furtherance of mail fraud, and one count on money laundering. The indictment was unsealed Monday after his arrest.
In a federal civil lawsuit filed in January by another insurance company, McGee was accused of involvement in a June 13, 2013, arson that damaged a Calverton Park home.
In 2005, McGee was sentenced to 366 days in prison after pleading guilty of one count of making false statements on HUD applications and one count of misusing a Social Security. He was also ordered to repay $230,481.
Robert Patrick covers federal courts and federal law enforcement for the Post-Dispatch. Follow him on Twitter: @rxpatrick.
(c)2014 the St. Louis Post-Dispatch
Visit the St. Louis Post-Dispatch at www.stltoday.com
Distributed by MCT Information Services