Suspended Louisiana Insurance Commissioner Jim Brown is calling for a review of the federal prosecutor’s office. In addition, Brown remains free on bond while he appeals his conviction. He was supposed to report to federal prison to begin serving a six-month sentence.
Brown was convicted of lying to the FBI about his role in a settlement involving the liquidation of the failed Cascade Insurance Co. Brown maintains he was unfairly prosecuted.
“I hope there’s going to be a serious review of what happened down here,” Brown said to reporters. “There was no crime. How can I be convicted of lying if there was no crime?” Brown also said that the use of an anonymous jury for his trial was questionable. “These are the kinds of things you’d see in a dictatorship down in South America.”
Was this article valuable?
Here are more articles you may enjoy.
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 


