A former Costa Rican insurance executive convicted in a $485 million fraud scheme is about to learn whether he has any hope of ever getting out of federal prison.
Sixty-one-year-old Minor Vargas Calvo is scheduled for sentencing today in U.S. District Court in Richmond. A jury in April convicted Calvo on 10 counts for lying to clients and investors about the financial stability of his company.
Prosecutors are asking for a sentence of 170 years ? essentially a life sentence. Calvo's lawyers say 20 years would be sufficient punishment.
Calvo was president of Provident Capital Indemnity. The company sold bonds guaranteeing funding for life settlement firms, which buy life insurance policies from insured people at less than face value and collect the benefits when those people die.
downton abbey season 2 2013 dodge dart shameless kwame brown martin luther king day blue ivy devil inside
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন