Pre-Paid Funeral Company President Indicted for Criminal Fraud

The pre-paid funeral industry was recently shaken by an indictment alleging that the president and CFO of National Prearranged Services, Inc., a pre-paid funeral service company, committed mail fraud, money laundering, and wire fraud.  The indictment alleges that the fraud cost state agencies, consumers, and funeral homes at least $600 million. 

The fraud was allegedly committed by actions such as altering applications and other documents and issuing fake statements.  NPS collapsed last year.

See Robert Patrick, Prepaid funeral CFO is indicted, St. Louis Today, Aug. 8, 2009.