RICHMOND, Va. (AP) -- A judge in Virginia has re-imposed his original 60-year prison sentence for a former Texas businessman convicted in a $100 million fraud scheme.
Adley Abdulwahab was resentenced Thursday in federal court in Richmond. A federal appeals court in April reversed five of Abdulwahab's 15 convictions and ordered a new sentencing.
Prosecutors asked U.S. District Judge Robert Payne to re-impose the 60-year sentence. Abdulwahab asked for 15 years.
The Spring, Texas, man was one of the executives for a group of companies called A&O that used investor funds to buy life insurance policies at less than face value. Investors were supposed to be paid when the insured died, but A&O's partners squandered their funds.
The scam claimed about 800 victims in 36 states and Canada.
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