‘Annuity King’ bid for a mistrial is denied as trial moves on to week 5

May 1, 2023 by John Hilton

The trial of the self-styled “Annuity King” will continue into a fifth week after a Florida judge denied defendant Phillip Roy Wasserman’s motion for a mistrial.

Wasserman is standing trial in Tampa, accused by the federal government of perpetrating a $6.3 million fraud via sales of life insurance and annuity products. The three most serious charges – wire fraud, mail fraud and conspiracy to commit wire and mail fraud – all carry maximum sentences of 20 years.

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Originally Posted at InsuranceNewsNet on April 28, 2023 by John Hilton.