Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 
Friday, 15 November 2013 03:00

Prepaid funeral "Ponzi" defendants sentenced

   Six people who operated or worked for a St. Louis County-based prearranged funeral company are going to prison for terms ranging from 18 months to 10 years for defrauding customers.  

   The owner of National Prearranged Services, James "Doug" Cassity and his son, Brent Cassity avoided possible life terms by striking plea deals over the summer.  

   Federal prosecutors say the defendants sentenced Thursday operated a business that was nothing more than an elaborate Ponzi scheme and bilked more than 97,000 customers out of nearly a half-billion dollars.  

   All six defendants were ordered to turn themselves in after the holidays.

Published in Local News

The final member of a massive prearranged funeral scam has been convicted for his role in the fraud.

David Wulf was found guilty of 18 counts of various types of fraud. Prosecutors say Wulf and other executives at National Prearranged Services hatched a $600 million dollar scheme to defraud customers.

The remaining five defendants, including heads of the company Doug and Brent Cassity, all pleaded guilty. All six convicts will be sentenced in November.

Published in Local News

Another executive at a Clayton-based company that sold prearranged funeral services admitted to being a part of a massive fraud scheme.

Randall Sutton was the ex-president of National Prearranged Services and one of six top officials who was named in a $600 million criminal case. Sutton pleaded guilty to four felony charges and faces up to 7 years in prison when he is sentenced in November.

Sutton is the fourth defendant in the case to plead guilty and the last two defendants are slated to appear in court August 5.

Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Hazelwood voters could vote on new utility tax

Hazelwood voters could vote on new utility tax

St. Louis, MO (KTRS) - Hazelwood residents could soon have the chance to vote on a proposed utility tax.   Currently, Hazelwood is the only St. Louis County municip...

Courts moving away from eyewitness testimony as gold standard

Courts moving away from eyewitness testimony as gold st…

PORTLAND, Ore. (AP) - Courts and legislatures are slowly shifting away from using eyewitness testimony as the gold standard of evidence. The reason: Studies show it's only right...

One Cent Sales Tax For Transportation Endorsed

JEFFERSON CITY, Mo. (AP) - A Missouri Senate committee has endorsed a 1-cent sales tax increase to fund transportation projects.     The proposed constitutiona...

Safe Rooms Opening Soon In Joplin

(Joplin, MO)  --  Joplin officials say some safe rooms to protect residents during storms are expected to open in the next few weeks. Joplin school officials say f...

Dog Shooting Investigated In Washington, MO

WASHINGTON, Mo. (AP) - An investigation continues after an eastern Missouri deputy shot and killed a dog. The Washington Missourian reports that Franklin County deputies wen...

No Tuition Increase At SIU

CARBONDALE, Ill. (AP) - New students at Southern Illinois University won't be paying more for tuition this fall. WSIU Radio reports the university system's trustees on Thurs...

KC Highway Shooting Suspect Arrested

Kansas City police are crediting what they call "lots of tips" in the case of a series of highway shootings in that area over the past five weeks. Authorities raided a Grandview...

© 2013 KTRS All Rights Reserved