Tuesday, July 17, 2007

Three guilty in $1 bln Florida insurance scam

(Reuters) - The pleas were the latest in the long-running criminal case
against Mutual Benefits Corp., a Fort Lauderdale company that
sold fraudulent investments in viatical and life insurance
settlements and is believed to have cheated 28,000 investors.




The U.S. Attorney's Office in Miami said Raquel Kohler,
MBC's chief financial officer, Ameer Khan and Stephen Ziegler
pleaded guilty to one count of conspiracy. Kohler also pleaded
guilty to one count of perjury.


Read more at Reuters.com Bonds News

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