Financier Martin Frankel pleaded not guilty March 12 to a string of charges, including securities fraud, racketeering and conspiracy. Frankel was arraigned in U.S. District Court in New Haven, Conn., following his extradition on March 2 from Germany. On March 16, a Tennessee lawyer pleaded guilty to conspiracy and money laundering in Frankel’s fraud scheme. John M. Jordan, 44, of Nashville, said he helped Frankel and others get control of the insurance companies that he allegedly looted.
Was this article valuable?
Here are more articles you may enjoy.
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions From This Issue
