Thursday, March 25, 2010

 

Insurance swindler wants 845-year sentence reduced

Convicted life-insurance swindler Sholam Weiss has time on his hands — 845 years, a record for white-collar crime. Today in Atlanta his attorney appealed for his client to be resentenced in hopes of shaving off a little time — about 800 years worth.

The Associated Press tells the tale of the Scranton, Pa., man, who 10 years ago in Florida was convicted of stealing $125 million from customers of National Heritage Life Insurance Co. The Orlando firm collapsed in 1994 and nearly all 25,000 policy holders lost their life savings...

USA Today: Insurance swindler wants 845-year sentence reduced

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