Barred Broker Sentenced to 5 Years for Fraud That Shuttered Life Insurance Firm

October 31, 2022 by Jeff Berman

A barred broker was sentenced on Thursday to five years in prison for his role in a scheme to defraud a North Carolina-based life insurance company, according to the Justice Department and court documents.

Bradley C. Reifler, 62, of New York caused about $20 million in losses to the company, which led to it being ordered into liquidation, Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division and Eric Shen, inspector in charge of the U.S. Postal Inspection Service Criminal Investigations Group, said in a news release.

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Originally Posted at ThinkAdvisor on October 31, 2022 by Jeff Berman.