Convicted A&O Fraudster Should Repay $102M: Feds

Law360, New York (August 23, 2011, 7:30 PM EDT) -- Federal prosecutors on Tuesday recommended that A&O Resource Management Ltd. co-founder Christian M. Allmendinger repay investors the full $102 million they lost in an insurance investment scheme.

Allmendinger faces a life sentence after being convicted on seven fraud and money laundering charges for his role in a scheme that targeted 800 victims in the U.S. and Canada, most of whom were elderly. Prosecutors alleged that A&O, which marketed life settlement investment products, lied about A&O's prior successes, its size and office locations, and the risks of...
To view the full article, register now.




Case Information

Case Title

Related  Cases: 

Case Number



Virginia Eastern

Nature of Suit

Date Filed

September 7, 2010

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.