Leslie Beth Baskin, chair of Spector Gadon Rosen Vinci P.C.’s Bankruptcy and Creditors Rights Group and member of its Corporate Law Group, testified in her capacity as Chapter 11 Trustee for the Legal Coverage Group estate at the October 2019 sentencing hearing of its principal and sole owner, Gary Alan Frank.
Frank was sentenced to 17½ years in prison and ordered to pay $33.7 million in restitution by the U.S. District Court for the Eastern District of Pennsylvania for, inter alia, wire fraud, bankruptcy fraud and money laundering. Baskin was appointed Chapter 11 Trustee by the Office of the United States Trustee to locate and administer assets for creditors and was successful, with the assistance of financial and economic consulting firm Asterion, in liquidating assets fraudulently bought with funds of the Legal Coverage Group, mostly for the personal benefit of Frank.
The funds Baskin collected will be used to pay claims of creditors, including the victims of his criminal actions.
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