New Haven, United Kingdom of Great Britain
FILE PHOTO OF FINANCIER MARTIN FRANKEL.
Financier Martin Frankel, who bilked insurance companies in five states out
of about $200 million, pleaded guilty on May 15, 2002 to federal charges of
racketeering, conspiracy, wire fraud and securities fraud, prosecutors said.
Frankel, shown attending a hearing in Hamburg, Germany in this June 21, 2000
file photo, agreed to cooperate with prosecutors as they attempt to recover
assets he stole from the insurance companies. He appeared in federal court
in New Haven, Connecticut to agree to the deal. REUTERS/Christian