Friday, June 5, 2009

Update: Alabama Exec Sentenced In $4 Million Embezzlement Case

John W. Goff, 60, of Montgomery, Alabama, and a former founder of the now-defunct company, the Goff Group, was sentenced to 12 years in prison for embezzling some $4 million in insurance premiums intended for Greenwich Insurance Co. and XL Specialty Insurance. Goff was convicted last February by a jury on 23 counts of mail fraud, one count of embezzlement and one count of filing a false report in connection with the embezzlement. According to prosecutors, Goff lived a lavish lifestyle with a $1 million salary, a large Montgomery home, condos on the Gulf Coast, a jet plane and country club memberships.

Read FraudTalk's original post on this story here.

Read the story here.

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