Former Financier Frankel To Spend 17 Years In Prison

Law360, New York (March 23, 2006, 12:00 AM EST) -- After drawn-out attempts to reduce a stiff jail sentence, a former financier convicted of stealing $200 million from insurance companies is once again facing nearly two decades in a federal prison.

The sentence for one-time fugitive Martin R. Frankel was upheld by the U.S. District Court for the District of Connecticut, which solidified a sentence of nearly 17 years in federal prison. The sentence was first issued in December 2004.

During the hearing U.S. District Judge Ellen B. Burns said she saw no reason to change...
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