Former insurance agent sentenced for role in murder-for-hire conspiracy
Prosecutors with the U.S. Attorney's Office for the Eastern District of Missouri said Waiel "Wally" Yaghnam pleaded guilty in July 2022 to one count of conspiracy to commit wire and mail fraud.
Yaghnam admitted conspiring with James Timothy Norman to fraudulently obtain a life insurance policy on Norman's nephew, Andre Montgomery Jr. That policy contained a $200,000 base, a $200,000 accidental death rider that would pay out if Montgomery died of anything other than natural causes, and a $50,000 10-year term rider that would pay out if Montgomery died within a decade of the policy being approved.
Montgomery was shot and killed in the 3900 block of Natural Bridge Road on the evening of March 14, 2016. He was 21.
Norman, a co-owner of Sweetie Pie's soul food restaurants in the St. Louis area, arranged the murder of his nephew for the insurance money, of which Norman was the sole beneficiary.
Both Norman and Montgomery appeared on the reality show "Welcome to Sweetie Pie's."
In Oct. 2014, Yaghnam and Norman began filing life insurance applications for Montgomery but lied about the young man's income, net worth, medical history, employment, and family background.
After Montgomery's murder, Yaghnam placed calls to the company that issued the policy to file a claim. That claim was ultimately rejected.
Prior to sentencing, U.S. District Court Judge John Ross said there was no evidence that Yaghnam knew Norman would kill his nephew when committing insurance fraud, but added, "It was a foreseeable outcome that bad things were going to happen."
Travell Hill, the man who shot and killed Montgomery, pleaded guilty in June 2022 to one count of murder-for-hire and one count of conspiracy to commit murder-for-hire. He was sentenced in October to 32 years in prison.
Terica Ellis, an exotic dancer living in Memphis, Tennessee, was accused of tracking Montgomery's location prior to the murder. She pleaded guilty in July 2022 to one count of murder-for-hire conspiracy. She'll be sentenced on Jan. 10, 2023.
Meanwhile, Norman was convicted in September of conspiracy to commit murder-for-hire, murder-for-hire, and conspiracy to commit mail and wire fraud. He'll be sentenced on March 2, 2023.


Hawaii doctor prevails in high court decision regarding reimbursements
Powerball winning numbers: Did anyone win $1.9 billion jackpot?
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
More Annuity NewsHealth/Employee Benefits News
- High costs limit rural Nebraskans’ access to health care
- Medicare is already reading your 2026 tax return
- LUJAN, WARNOCK LEAD BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- WARNOCK LEADS BROAD COALITION OF SENATORS TO PUSH SENATE LEADERSHIP TO DELAY REPUBLICAN MEDICAID CUTS OVER CONCERNS ABOUT COVERAGE LOSS
- What happens when Medicare coverage begins
More Health/Employee Benefits NewsLife Insurance News
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News