CFO, Lawyer Plead Guilty in Prearranged Funeral Scam

As I have previously discussed, National PrearrangedServices perpetrated one of the largest frauds ever seen in the St. Louis area, a“Ponzi-like” pre-arranged funeral scheme which defrauded customers out of over$600 million.

Randall K. Sutton, the former CFO, now faces up to sevenyears in prison after pleading guilty to bank fraud, mail fraud, insurancefraud, and money laundering.

Howard A. Wittner, the company’s former lawyer, faces up tofive years in prison after pleading guilty to making “false statements intendedto deceive insurance regulators, and willfully permitting a felon to engage inthe insurance business,” referring to former owner James “Doug” Cassity.

Former investment adviser, David R., still remains as adefendant.

See RobertPatrick, Former CFO, Lawyer Plead in St.Louis Pre-Arranged Funeral Fraud Case, St. Louis Today, July 9, 2013.

Special thanks to Laura Galvan (Attorney, San Antonio, Texas) for bringing this article to my attention.