i write, i climb, i love tattoos, space, and time travel. Try and keep up.
February 27, 2010
-
wowzer bowser
4 indicted in Tenn. for multimillion insurance fraud
By Associated Press
11:27 AM CST, February 27, 2010
NASHVILLE, Tenn. (AP) — The Tennessee Attorney General Office said four people have been indicted for their part in a multimillion dollar insurance fraud.
The Tennessean reported that they were connected with the defunct Franklin-based National Foundation of America, which prosecutors say was used to convince investors to trade in insurance annuities for worthless charitable gift annuities.
Richard and Susan Olive, owners of the company, and employee Breanna McIntyre were arrested in Tallahassee, Fla. Kenny M. Marks, an officer in the company, was arrested in Franklin.
According to prosecutors, they were all charged with theft for gaining control of $31 million from customers and using the money for personal expenses, luxury items, vacations and to pay off debts.
___
Information from: The Tennessean, http://www.tennessean.com
