Former GC Sentenced To 15 Years For Aiding Life Settlement Fraud; Defense Argued He Was Naïve

The former general counsel of a Houston life settlement company has been sentenced to more than 15 years in prison for aiding a corporate scheme that defrauded investors of $100 million. Even the prosecutor described the defendant, Russell Mackert, as kind and mild-mannered, Corporate Counsel reports. Mackert’s lawyer, Carolyn Grady, had argued ‘he was naive enough and not smart enough to look behind the curtain and see the fraud,’ according to an Associated Press account. (Read Full Article Here)

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