Mark Driver, 50, of south St. Louis County, and Robert Palmer, 45, of Kansas City, had been charged last year with two counts of mail fraud and two counts of wire fraud. They pleaded guilty in June.
U.S. District Judge Rodney W. Sippel sentenced Palmer to 70 months in prison and Driver to 30 months in prison. The two men operated Princeton Partnership LLC out of offices in the Hill neighborhood.
In court files, prosecutors said that from 2004 to 2010, the pair engaged in "systematic looting of retirement funds and life savings" of elderly people, most without children or other heirs.
Full Article & Source:
Owners of St. Louis insurance company sentenced for bilking elderly out of $3 million
4 comments:
Not enough time!
Legislators must increase the penaltiesfor this type of crime.
Only 30 months in Jail, it should have been 30 YEARS with Hard labor...!!!
And they talk about family theft!
Seeking out clients who didn't have heirs so no one would complain or go looking 70 months is not enough I would give the colluding crooks a life sentence. Their victims were helpless, the guilty party used their positions of control and trust. If I had my way, it would be swift and permanent justice: oak tree justice hang 'em high. COWARDS and this is a prime example of much larger operations.
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