Boat Fatality Insurer Pleads Guilty Over Fake Policies

Law360, New York (October 5, 2011, 8:18 PM EDT) -- A Houston man pled guilty on Wednesday to federal charges he sold phony liability insurance policies, including one covering a tour boat that capsized in a New York lake in 2005, killing 20 elderly people.

Christopher Purser, 50, pled guilty to one count of conspiracy to commit wire fraud. Prosecutors said Purser disguised his identity when selling the policies between 2004 and 2006, after Texas insurance regulators banned him from the insurance business in 2003.

Purser was one of six men indicted in February on charges...
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