6 Sentenced In $450 Million Prearranged Funerals Scam
ST. LOUIS (AP) - Six officials in a suburban St. Louis prearranged funeral company have been sentenced to prison terms ranging from 18 months to 10 years for defrauding customers out more than $450 million.
The sentences in federal court Thursday involved the complicated case of National Prearranged Funeral Inc., described by prosecutors as nothing more than elaborate Ponzi scheme.
Company owner James Cassity was sentenced to more than nine years in prison. His son, Brent Cassity, was sentenced to five years.
Other sentences include seven years for chief financial officer Randall Sutton, three years for attorney Howard Wittner, 18 months for employee Sharon Nekol Province, and 10 years for investment adviser David Wulf, whose case was the only one that went to trial. The others pleaded guilty.