A Philadelphia businessman who amplified the size of his legal benefits firm to gain more than $30 million in loans has been sentenced to 17 1/2 years in prison.
Gary Alan Frank was sentenced in Philadelphia where the judge described the defendant as a “serial pathological liar in all aspects of his life.”
Frank pleaded guilty in April to multiple counts of wire fraud and money laundering, among other crimes.
The 49-year-old owned the Philadelphia-based legal services company Legal Coverage Group Ltd. Federal investigators say Frank inflated the size of his business, claiming in bankruptcy filings it had $378 million in revenue in 2017 when it really had less than $2 million.
Frank has also been ordered to pay $33.7 million in restitution. His lawyer declined to comment.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
