Chief In $800M Fraud Gets 20 Years Prison
By CURT ANDERSON, AP Legal Affairs Writer | |
Associated Press |
A federal judge imposed the hearing Friday on
Prosecutors say Mutual Benefits was a massive fraud scheme in which investors lost about
The now-defunct company bought life insurance policies from people with AIDS, cancer and other chronic illnesses and sold them to investors. Prosecutors say the numbers were manipulated and investors misled.
Copyright: | Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |
Wordcount: | 128 |
PCM insurers settled 2013 bullying case out of court
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