A&O Life Funds Litigation

Adley (Abdul)Wahab and Christian Allmendinger were sentenced in federal court this week. The DOJ’s press release states:

Two principals of A&O Resource Management Ltd. have been sentenced for their roles in a $100 million life settlement fraud scheme, which included more than 800 victims across the United States and Canada.

Today, Adley H. Abdulwahab, 36,

Every time that I think that nothing new can happen to entertain me in in the A&O Life scandal, I am wrong. Followers of the A&O debacle will enjoy the government’s Reply Brief to Christian Allmendinger’s Sentencing Memorandum. Here is the Reply.

The government’s Reply contains an entertaining description of Almendinger squirreling away assets and initially fleeing before his trial.  Allmendinger

Wall Street’s Most Wanted Report Securities Fraud Blog reports that on Friday a federal court jury in Virginia convicted A&O Life co-founder Adley Abdulwahab for his involvement in the $100 million A&O Life fraud scheme. image

According to the government’s press release:

 Today’s quick verdict found Mr. Abdulwahab guilty of a $100 million fraud

Here is a brief update on what is going on with the A&O Life criminal defendants:

  • Adley Abdulwahab: trial set for June 7, 2011
  • Christian Almendinger: sentencing August 12, 2011
  • Brent Oncale, Russell Mackert, Eric Kurz, Tommy Browseth: sentencing July 22, 2011

I can’t imagine Wahab actually going to trial. But I hope that he does

A reader posted a comment today saying to look at the A&O bankruptcy trustee’s website. Under recent developments the cite reports that the government has seized personal assets belonging to Abdulwahab, Oncale, White and other defendants:

The Bankruptcy Trustee further understands that (1) defendants Allmendinger, Abdulwahab and White were initially taken into custody, although