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A federal judge sentenced a former insurance tycoon to 10 years in prison for siphoning money from his brokerage firm to finance his lavish lifestyle.
'You just think you're above the law. Well guess what? No one is untouchable, especially in this town,' U.S. District Judge Ruben Castillo told Michael 'Mickey' Segal in court Wednesday.
A jury convicted Segal in June 2004 of 26 counts of racketeering, fraud, embezzlement and other charges and ordered him to forfeit $30 million.
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Prosecutors during his two-month trial alleged Segal looted more than $20 million from a premium trust account at his Near North Insurance Brokerage Inc., and spent the money on everything from drivers and maids to spa treatments, opera tickets and expensive gifts.
Witnesses testified at trial that Segal siphoned money from the restricted account despite warnings that it was illegal to do so. Illinois law requires insurance firms to keep customers' payments in restricted trust accounts to safeguard the money. You will see that you can get a low rate car loan after bankruptcy. Many auto dealers and finance companies provide this kind of service. Avoid the easy buy-here-pay-here financing auto dealers as your payments will not show on your bureau report. We hope your are quite happy with the online lenders on this site. Most offer special financing (second chance) and other service. One thing is for sure; they will try everthing to get you into a new vehicle. They don't make money unless you are driving! It cost nothing to try!
Albuquerque NM bad credit car loans don't let bankruptcy stop you from a great deal Albuquerque car loan avoid buy-here-pay-here bad credit auto loans
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