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Charges Promised In Alleged Insurance Scam in Shawnee, Okla.

Publication: Daily Oklahoman (Oklahoma City, OK)

Publication Date: 30-JAN-04
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COPYRIGHT 2004 The Daily Oklahoman

Byline: Don MeCoy

Jan. 30--SHAWNEE, Okla. -- Criminal charges soon will be filed against the former operators of a Shawnee insurance agency accused of bilking scores of older people out of more than $12 million dollars, a local prosecutor said Thursday.

For many of the swindled investors who attended an informational meeting here Thursday, the alleged scam's ringleader deserves a lengthy jail term.

"He must be a pretty sorry individual," said Bud Thomas, a former Prague schoolteacher. Thomas, 71, said he isn't expecting to get back any of the money he invested with The...

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