Court to hear ex-Texas businessman's appeal

1/29/2013

RICHMOND, Va. (AP) - A former Texas businessman convicted in a $100 million life insurance scam is asking a federal appeals court in Virginia to toss his convictions.

A three-judge panel of the 4th U.S. Circuit Court of Appeals in Richmond will hear Adley Abdulwahab's case Tuesday.

The Spring, Texas, man was convicted in June 2011 on 15 counts of conspiracy, wire fraud, securities fraud and money laundering. He was one of the principals of companies called A&O that used investor funds to buy life insurance policies at less than face value. Investors were supposed to be paid when the insured died, but A&O's partners spent their money on lavish lifestyles. The scam claimed more than 800 victims.

Abdulwahab is appealing his 60-year prison sentence as well as his convictions.


 «  Return to previous page
 »  Send to a friend
Subscribe to channel
 
blog comments powered by Disqus
- advertisement -
- advertisement -
- advertisement -