|Anthony M Livoti, Jr.|
Attorney Livoti, as trustee, had a fiduciary duty to the Mutual Benefits investors. The firm paid off old investors with funds from new investors, and falsified the life expectancy estimates investors relied upon. in deciding which life settlements to invest in. Several MBC executives and staff members have already be convicted, and are serving Federal prison terms for their crimes.
Livoti was reportedly offered a short sentence (2 years) to enter a guilty plea, but he chose to to to trial, with disastrous results at sentencing. The Eleventh Circuit court of Appeals affirmed his conviction, in a thirty-page decision. Below is the order denying his petition to have the full Court conduct a rehearing of his appeal. he is currently incarcerated at the Miami FCI; his Release date is August 20, 2021.