To maximize its effectiveness, life insurance proceeds must make their way to the intended beneficiaries.
In the case of the late Frank Warren (pictured), who spent 13 seasons with the Saints, that didn’t happen.
Former NFL agent Benjamin Geller allegedly misappropriated more than half of a $1 million life insurance policy that was intended to provide benefits to Warren’s wife and family after Warren’s death in 2002. According to WWL-TV, Geller has been charged with one count of wire fraud.
Geller allegedly spent over $500,000 on his own personal use. In 2009, Warren’s widow noticed that the payments were shrinking.
If he’s convicted of the pending charge, Geller faces up to 20 years in prison and a $250,000 fine.