Mealey's Insurance - 8th Circuit Upholds Denial Of Release Of Restitution Duties To Insurer's Receiver

Mealey's Insurance - 8th Circuit Upholds Denial Of Release Of Restitution Duties To Insurer's Receiver

ST. LOUIS - In a criminal fraud case, an Arkansas trial court correctly denied, based on a lack of authority, a request by an insolvent insurer's owner to be released from any further obligations of restitution once payment of $300,000 was made to the insurer's receiver, the Eighth Circuit U.S. Court of Appeals ruled June 15 (United States of America v. Frank Whitbeck, No. 16-1720, 8th Cir., 2017 U.S. App. LEXIS 10606).

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