Robert Guyer and Robert Todd Bennett, associates of former Greenwich financier Martin Frankel, pleaded guilty on Sept. 18 and Sept. 20, respectively, to federal securities fraud and other charges. Guyer pleaded guilty to federal securities charges in the U.S. District Court in New Haven, Conn. Authorities accuse Guyer of running a security brokerage house that served as a front for Frankel’s illegal operations. Bennett admitted that he pocketed at least $35,000 from the sale of a Cadillac and Mercedes belonging to Frankel. Frankel is accused of bilking more than $200 million from insurance companies in five states. He is under arrest in Germany and fighting extradition.
Was this article valuable?
Here are more articles you may enjoy.
New Jersey E-Bike Registration, Insurance Requirements Now in Effect 
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak 
Walmart Removes Four Taylor Farms Salads as Recalls Spread 
California Rivals Have Starkly Different Plans to Remake Home Insurance From This Issue
