This installment discusses Martin Frankel. Martin R. "Marty" Frankel (born 1954) is an American financial criminal who conducted a series of investment frauds in the late 20th century, causing hundreds of millions of dollars in losses. He was caught in 1999, and in 2004 was convicted and sentenced to 200 months in prison based on over $200 million in proven losses to insurance companies which he bought, and then proceeded to loot their actuarial reserves. His prison sentence was reaffirmed in 2006.
—CNBC