Jury Convicts Former Exec In $100M Fraud Suit

Law360, New York (March 24, 2011, 5:36 PM EDT) -- A Texas man who co-founded A&O Resource Management Inc. was convicted Wednesday in Virginia on seven fraud and money laundering charges for his role in an insurance investment scheme that bilked 800 people out of $100 million.

Christian M. Allmendinger, 39, of Houston, faces decades in prison following the jury’s verdict in the U.S. District Court for the Eastern District of Virginia. His charges carry maximum sentences of 20 years in prison each, except for a securities fraud charge, which carries a limit of five years,...
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