Martin Frankel

Martin R. Frankel
Born1954 (age 69–70)[2]
NationalityAmerican
Other namesJames Spencer[2]
David Rosse[5]
Mike King[2]
OccupationMoney manager
Criminal statusU.S. Bureau of Prisons #14142-014: Fort Dix FCI;[3] Released On: 10/27/2016[1][4][needs update]
Parent(s)Leon and Tilly Frankel
Conviction(s)Guilty plea, U.S. federal court, 2002: conspiracy, racketeering, securities fraud, wire fraud; also in Tennessee, related charges conspiracy, and wire fraud
Criminal penalty16 years 8 months (federal);[1] 16 years (Tennessee)[2]
Accomplice(s)Sonia Schulte (1986–1999)

Martin R. "Marty" Frankel (born 1954)[2] is an American financial criminal who conducted a series of investment frauds in the late 20th century, causing hundreds of millions of dollars in losses. He was caught in 1999, and in 2004 was sentenced to 200 months in prison based on over $200 million in proven losses to insurance companies he bought then looted their actuarial reserves; the sentence was reaffirmed in 2006.[1]

  1. ^ a b c "17-Year Sentence Affirmed for Investor Who Looted Insurers". The New York Times. New York City. Associated Press. March 24, 2006. Retrieved June 21, 2020.
  2. ^ a b c d e Cite error: The named reference pressman was invoked but never defined (see the help page).
  3. ^ "FCI Fort Dix".
  4. ^ "Inmate Locator".
  5. ^ Cite error: The named reference cbsnews-vanishing was invoked but never defined (see the help page).