ST. LOUIS • Two more defendants involved in what prosecutors have called a “Ponzi-like” pre-arranged funeral scam that could cost $600 million pleaded guilty Tuesday to federal charges.
The former chief financial officer of National Prearranged Services, Randall K. Sutton, 67, of Chesterfield, pleaded guilty to charges of bank fraud, mail fraud, money laundering and insurance fraud.
A few hours later, the company’s former lawyer, Howard A. Wittner, 76, of Chesterfield, pleaded guilty to two counts of making false statements intended to deceive insurance regulators, and to willfully permitting a felon to engage in the insurance business.
Wittner admitted lying to state regulators and concealing the source of money used to buy a medical malpractice insurer. The third count refers to former owner, James “Doug” Cassity, a convicted felon.
Under the plea deal with prosecutors, Sutton faces up to seven years in prison, and Wittner faces up to five years when sentenced Nov. 7.
The pleas leave one remaining defendant, former investment adviser David R.
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Former CFO, lawyer plead in St. Louis pre-arranged funeral fraud case