A federal judge has ruled that jailed Illinois insurance mogul Michael “Mickey” Segal has the mental competency needed to be sentenced.
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.
Today, Judge Ruben Castillo ruled that Segal is competent. He 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.
Copyright 2005 Associated Press
Topics Legislation
Was this article valuable?
Here are more articles you may enjoy.
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
