Ringleader of pension fraud scam adapted to IUL sales sent to prison insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
A California man who orchestrated a nationwide Ponzi scheme that targeted military veterans and other retirees was sentenced by a federal judge in South Carolina to 10 years in prison.
Scott Kohn, 68, was indicted in 2019 for the fraudulent scheme which he used to fund an opulent lifestyle from a $4.8million mansion boasting sweeping views of the Pacific Ocean.
A California-based individual was sentenced to 10 years for his role in a Ponzi scheme targeting veterans a seniors that led to hundreds of millions in losses.