Mutual Benefits Exec Loses Bid For New Trial On $837M Scam

Law360, Miami (May 9, 2013, 10:26 PM EDT) -- A Florida federal judge on Thursday denied a new trial for a former Mutual Benefits Corp. executive convicted of money laundering and obstructing justice in an alleged $837 million insurance investment scam, saying she saw no evidence of prejudice in the verdict.

U.S. District Judge Kathleen M. Williams said she understood defendant Steven Steiner's complaints about the defense strategy of his co-defendant and domestic partner Henry Fecker and sympathized with his attorney Joaquin Mendez Jr. for effectively having to battle on two fronts. However, she said,...
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