A broker who has been active in the Bermuda insurance market for many years has been sentenced to 33 months in prison in the United States for defrauding the New York-based Clarendon Insurance Group.
Martin Hoffman, of Bal Harbour, Florida, is due to begin serving his prison-term on October 2, 2006. He was also ordered to pay restitution of $4,222,182 to Clarendon at his sentencing hearing at the U. S. District Court for the Southern District of New York on May 15, 2006.
Martin Hoffman sentenced to 33 months in prison
19 years ago
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Fraud Insurance USAKeywords
Clarendon American Insurance Company Clarendon Insurance Group CNA Insurance Company Eton Management Corporation Martin Hoffman