A third associate of Martin Frankel has pleaded guilty to helping the financier steal more than $200 million from 11 insurance companies under his control. Philip Miller, 60, late last week told federal court officials in New Haven, Conn. he received weekly wire transfers of $10,000 from a Swiss bank, then withdrew most of the money in cash to deliver to Frankel. He pleaded guilty to one charge of conspiring to structure currency transactions to evade bank reporting requirements. Between August 1998 and April 1999, Miller received more than $330,000, which he delivered to Frankel in increments of under $10,000. Transactions greater than $10,000 trigger bank currency reporting requirements.
Was this article valuable?
Here are more articles you may enjoy.
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup
Judge Green Lights New York’s Driver’s License Law, Rejecting Trump Challenge
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases
FBI Involved After Two Florida Injury Lawyers Go Missing From Fishing Trip 


