‘Annuity King’ begins defense after judge denies acquittal motion

May 8, 2023 by John Hilton

A Florida judge denied a defense motion for acquittal last week in the fraud trial of Phillip Roy Wasserman, the self-styled “Annuity King.”

Wasserman, who also has a law degree, is handling his own defense, which began late last week. The federal government alleges that he perpetrated a $6.3 million fraud via sales of life insurance and annuity products.

In an email exchange, Wasserman correctly noted that motions for acquittal are rarely granted in the middle of a trial and added that he “expect[s] to be fully acquitted.” Wasserman’s defense will include testimony from a forensic certified public accountant, he added.

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Originally Posted at InsuranceNewsNet on May 8, 2023 by John Hilton.