One of the Biggest Insurance Swindles Ever?

Well I am back from South Carolina and NC to Denver, had to see my lawyer over there you know, back to work on the internet. In fascinating criminal related news, Mr. Sholam Weiss is a very clever dude indeed who, for his part, used that said cleverness to creat the single biggest insurance failure of all time, well up to that particular point in time at least. On the whole, the National Heritage Life Insurance firm was ruined with more than $450 million dollars in losses The plumbing supply company ended in bankruptcy court. Flexible as a boa constrictor, Weiss started representing himself as a bankruptcy specialist. It was in that capacity that he met a kindred spirit, Michael D. Blutrich, who ran a topless club, called Scores, which was tied to the Gambino Crime Family. If you need a reat Denver business lawyer
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Sometime in the early 1990s, a group of businessmen began pillaging the National Heritage Life Insurance Co. Weiss took it over in 1993, and he and his chronies used company funds to buy worthless stocks and mortgages. The money wound up in accounts controlled by Sholam Weiss.
In the fall of 1999, following a lengthy trial, Weiss took off as a jury deliberated. He must have known how things were stacking up. I wonder if his lawyers got paid?
Judge Patricia C. Fawsett stated in her remarks at Weiss’s sentencing, that he should be removed permanently from society because of the magnitude and repeated nature of his fraudulent acts.
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The next year, Austrian authorities took the fugitive into custody, and Weiss was extradited back to the states.
Weiss and his 2 chronies-in-crime, Michael Blutrich and Richard Herman, were given longest sentences ever given for a white-collar crime up to that time. Weiss was convicted of 78 counts of racketeering, wire fraud, and money laundering.
Sholam Weiss now sits in the States Penitentiary, in Pennsylvania. He always has been, and remains to this day, a parasite on society.