Final Defendant In SEC's MetLife Fraud Case Settles

Law360, New York (February 10, 2009, 12:00 AM EST) -- Federal regulators have settled a financial fraud case against three officers of MetLife Inc. subsidiary New England Financial after the last defendant agreed to a consent judgment entered in court Monday.

Thom A. Faria, former president of the NEF distribution channel and a senior vice president at MetLife, agreed to pay $97,000 in disgorgement, prejudgment interest and civil penalties under a judgment filed in the U.S. District Court for the District of Massachusetts.

Faria, a resident of Needham, Mass., will also be barred from serving as...
To view the full article, register now.