Kevin O’Connor, United States Attorney for the District of Connecticut, announced recently that M. Thurston Little, 71, of Corinth, Mississippi, was sentenced by Senior United States District Judge Ellen Burns in New Haven to 24 months of imprisonment, followed by three years of supervised, for his role in Martin Frankel’s multi-million dollar fraud against several insurance companies.
On Feb. 25, 2004, Little pleaded guilty to a two-count Information charging him with participation in a conspiracy to defraud, to travel in interstate commerce with the intent to promote bribery, to make false statements and reports to an insurance regulatory agency, and to launder money.
Noting Little’s failing health and his cooperation with the Government in this matter, Judge Burns departed from the federal Sentencing Guidelines of 87-108 months. Judge Burns also ordered Little to pay restitution to the victims of this crime in the amount of $5,281,044.70.
According to documents filed with the Court and to statements made in court, Little conspired with Frankel and others to make false statements to state regulatory agencies, to bribe a state insurance department official, and to make international transfers of funds to promote the latter activity.
The Information also charges that Little laundered fraud proceeds he received from Frankel in a manner designed to conceal the criminal nature and source of these proceeds.
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