Evidence obtained by investigators revealed that victims' funds were deposited into Fortis Financial and Legacy Group Financial, and no WCMSA accounts were ever established. (Credit: Atstock Productions/Shutterstock) Evidence obtained by investigators revealed that victims' funds were deposited into Fortis Financial and Legacy Group Financial, and no WCMSA accounts were ever established. (Credit: Atstock Productions/Shutterstock)

Tom Fallon, 65, was sentenced in the Long Beach Superior Court after being convicted in an open plea of 25 criminal counts of money laundering and grand theft in May 2019. Fallon was sentenced to 10 years and four months in state prison. Restitution was ordered in the amount of $995,118.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

Litigation
Workers' Comp