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Swindler Given Extra Time in Jail for Defrauding Elderly Clients

Wed, 03/15/2000 - 1:00am — Karen Stevenson
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The St Petersburg Times reports that a former insurance agent who swindled elderly clients out of $1.3 million has been sentenced to 10 years in jail and 10 years on probation. Had the judge followed sentencing guidelines, the punishment would have been only 17 months in jail, but he exceeded the guidelines because the victims were especially vulnerable because of their age. Many victims lost their life savings. One 72 year-old victim who lost $30,000 had to come out of retirement and return to work. The swindler was ordered to pay restitution, but it appears unlikely that any of his victims will be able to collect anything.

The St Petersburg Times reports that a former insurance agent who swindled elderly clients out of $1.3 million has been sentenced to 10 years in jail and 10 years on probation. Had the judge followed sentencing guidelines, the punishment would have been only 17 months in jail, but he exceeded the guidelines because the victims were especially vulnerable because of their age. Many victims lost their life savings. One 72 year-old victim who lost $30,000 had to come out of retirement and return to work. The swindler was ordered to pay restitution, but it appears unlikely that any of his victims will be able to collect anything.