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.
US E&S Outlook No Longer Positive: AM Best 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims 
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk From This Issue
