A federal judge has ruled that jailed Illinois insurance mogul Michael “Mickey” Segal has the mental competency needed to be sentenced, according to Associated Press.
Segal was found guilty of stealing more than $30 million from a trust fund in June 2004.
After Segal was convicted, his attorneys argued that he was mentally incompetent and unable to defend himself during a sentencing hearing. Federal Judge Ruben Castillo ruled that Segal is competent and set Segal’s sentencing hearing for Nov. 30.
Prosecutors argued at trial that Segal looted a restricted account at his Near North Insurance Brokerage to fund a high-end lifestyle. If he were declared mentally incompetent, Segal could have been sent to a prison medical facility for treatment.
Was this article valuable?
Here are more articles you may enjoy.
Florida Condo Manager, Contractor Charged in Alleged $186,000 Kickback Scheme 
Baldwin Group to Go Private After $7.7B Investment Deal 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts From This Issue
