Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets

Insurance Broker Sentenced in Tom Hanks Scam

X
Your article was successfully shared with the contacts you provided.

LOS ANGELES (AP) — A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison.

City News Service says Jerry Goldman received a 27-month sentence on Monday. He also was ordered to pay about $840,000 in restitution.

Prosecutors claimed that between 1998 and 2011, Goldman inflated premiums by as much as 600 percent and created phony invoices to hide the scam.

The original indictment claimed that Goldman also bilked others including Andy Summers, the former guitarist for The Police.

The 60-year-old Thousand Oaks man pleaded guilty in April to mail fraud involving Hanks and Wilson.

– Check out these related stories on ThinkAdvisor:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.