FRANKEL’S FRIENDS OR FOES’

October 16, 2000

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.

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