Former agent indicted for fraud

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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.

16 responses to “Former agent indicted for fraud

  1. Good. If true, this agent is a total scumbag.

    All Frank Warren did for you was make you money for 13 years.

  2. He stole and spent $500,000 but his fine could be up to $250,000.

    I’m no math major or lawyer, but shouldn’t his fine equal what he stole, at a minimum?

  3. I hate scumbags that leach onto other people’s hard work. Warren’s wife should be paid back w/interest.

  4. So he gets to sit in jail for a year and get paid $250,000. Makes sense. If he stole a tip jar he’d be looking at more time.

  5. crownofthehelmet says: May 17, 2013 4:17 PM

    He stole and spent $500,000 but his fine could be up to $250,000.

    I’m no math major or lawyer, but shouldn’t his fine equal what he stole, at a minimum?

    ————

    I’m not one for calling out the American justice system, but in cases like these, I’m right there with you.

  6. It’s possible he’s facing “only” a 250k fine because there’s a limit to how much you can be fined for wire fraud in whatever jurisdiction he’s been charged in. Just a guess but the fine is going to be the least of his worries if he’s convicted and gets the max sentence. When you add in his legal fees its going to cost him about 500k once you add in the fine.

  7. So now if he does prison time then he will have gotten over twice. Who do you think pays for him to be in prison? Things need to change. Bring back the chain gangs and have them do HARD LABOR. Maybe that will discourage some to think twice.

  8. Fines are different from restitution. The court can order restitution for the amount stolen to be paid back to the family. A fine is money paid to the government.

  9. Wait. Wait. Do I have this straight? The agent defrauded a widow. A government entity steps in to punish the agent. The sentence for the agent could include a “fine” of up to $250k. A fine that will not go to the defrauded party (widow), but to the government entity.

    I suppose the widow could bring a civil suit against the agent. If successful, a monetary judgement would likely be imposed on the agent.

    If that were to happen, which party would be most likely to get paid?
    – Goverment entity (first in line)
    – Attorney who represented widow/family in civil suit (second in line)
    – Widow who was defrauded of husband’s life insurance (whatever is left, if anything)

  10. Stealing from a widow and her kids. That ranks down there with stealing from old folks as the lowest sort of “white collar” crime.

    I hope he does some serious time and has to make restitution–not that I expect he has any money left after the good times.

  11. Saints Camp is coming up…

    …and the Saints have acquired some real Beef…

    …Can you say “Oklahoma”?

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