Trial Date Set for Insurance Fraud with Ties to Frankel, Vatican

 Monday, February 27, 2012

 Insurance Journal

More than a decade after it was filed, a federal judge in Mississippi has set a tentative trial date in a lawsuit stemming from scams run by a notorious financier who looted $200 million from insurance companies and created a charity that claimed to have Vatican connections to further his scheme and cover his tracks. Former Mississippi Insurance Commissioner George Dale sued numerous people and entities in 2001 over Martin Frankel’s pyramid scheme that bilked insurers in five states during the 1990s.