More Plead Guilty In Securities Scam

Law360, New York (July 18, 2007, 12:00 AM EDT) -- Three people affiliated with defunct viatical and life settlement company Mutual Benefits Corp. have pled guilty for their role in defrauding investors out of nearly $1 billion.

On Tuesday, Raquel Kohler, Ameer Khan and Stephen Ziegler each pled guilty to one count of conspiracy in connection with MBC’s billion dollar securities offering. Kohler also pled guilty to one count of perjury for lying in a deposition.

All three defendants now face up to five years in prison, with sentencing to take place Sept. 25 before Judge...
To view the full article, register now.

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.