The Mississippi Press headline Dale: Insurance needs change offered a glimmer of hope; but, to paraphrase the immortal words of former Texas governor Ann Richards, Poor George! He was born with a insurance money in his mouth!
The insurance industry must change as a result of Hurricane Katrina, but most of the solutions being offered on the coast are not the answer, former Insurance Commissioner George Dale said Thursday at a luncheon.
“The way insurance is being delivered today is not working,” Dale told members of the Southeast Mississippi chapter of National Association of Insurance and Financial Advisors…
Dale said that one of the most popular proposed solutions to the insurance crisis on the coast is to offer a multi-peril option as part of the National Flood Insurance Program.
But he said that the national flood program built up more than $15 billion in debt during Katrina, and emphasized that this was without having to pay for wind-related damages.
Poor George! He still doesn’t get it. The flood program did indeed pay for wind-related damages – and, the word for that is fraud. Continue reading “SLABBED Daily – April 19”
The Times-Picayune beat PACER with their story!
James Perdigao, the gambling-law specialist who claimed to be the victim of a wide-ranging conspiracy and then admitted stealing $20 million from his former law firm, was sentenced Wednesday to more than 15 years in prison by U.S. District Judge Eldon Fallon. He was also ordered to pay $23 million in restitution.
Offered an opportunity to speak, Perdigao, who was clad in an orange prison jumpsuit, said little. “I’m sorry for my conduct,” he said. “I’m very, very sorry.”
Fallon dressed Perdigao down. With a quality education, a law degree and a high-paying job at a white-shoe law firm, the judge said, Perdigao had everything going for him. Continue reading “Breaking News – 15 Years for Perdiago”
There has been a criminal case we’ve been following here at Slabbed involving a corporate attorney that ended up on the wrong side of the law. When Nowdy sent me the PACER docs she didn’t quite know what to make of things as she doesn’t have the advantage of proxmity to the story. Before I get to naming names let’s examine some of the contents of the Government’s Sentencing Memorandum:
ACCEPTANCE OF RESPONSIBILITY
The goverrnment will not object to the two point reduction for acceptance of responsibility based upon the defendant’s statement expressing remorse and acceptance of responsibility which is as follows:
“Since I entered my guilty plea, I have had time to reflect on how I handled my legal situation and what went wrong with my decision-making along the way. Unfortunately, my personal life includes a long series of bad judgments and poor decision-making for reasons I don’t full (sic) understand.
Up until I pled, I continuously tried to shift responsibility for my own misconduct and rationalize my behavior. I am not sure what is wrong with my judgement and decision-making process but it relates somehow to the fact that-I don’t have much balance in my life. My life was my work. On most nights for many years, I left the office after the night cleaning Crew. I never bought a house, never married, never had children. I lived very frugally in a $500.00 per month apartment and never took a vacation. At firm Christmas parties, I received the “Table for One” award or a blanket and a pillow for my office, as the firm poked fun at my being a loner and a workaholic. Given that I had spent most ofmy life working and saving every penny, I could not rationally and objectively deal with giving up all ofthe money and accept the consequences of my misconduct. Continue reading ““True Life Adventures” of a corporate lawyer…..(Updated)”
It appears the life forms there don’t quite know what to make of the Borg.
Sex, lies and audiotapes oh my!
Continue reading “Things appear to be getting hot over at the Starship LSBME”
Can tell us exactly what in the heck is going on over at the LSBME. Double dealing with HCA perhaps? Sex lies and audiotapes? We don’t know yet if we’ll cover this (lord knows our plate is full) but dang you boys get around.
The email addy is on the right sidebar.
I found Waldo and I’m hoping Sally James and NAAS will stop by with comments on the Motion for Continuation filed in USA v Perdigao.
Now comes David L. Arena, Senior United States Probation Officer, and moves the Court for an order continuing the sentence in the above-matter which is currently set for February 11, 2009, because additional time is needed to prepare a pre-sentence report. Neither defense counselor, Charles Griffin, nor Assistant United States Attorney, James Mann, have any objections to a brief continuance. Therefore the probation officer moves the Court to continue the sentencing date in this case for approximately 30 days.
Somehow, I don’t think Sop will be surprised by the delay or the reminder in this Notice of Continuation. Continue reading “What in the world is going on with USA v Perdigao?”
As I observed in a previous comment to Sally, it is hard to continue a civil suit from behind bars so the dismissal of Jamie Perdigao’s RICO suit against Adams and Reese was an expected development in this continuing saga.
Related to the civil suit is the criminal case where DoJ filed motion for forfeiture of money Perdigao turned over after his initial arrest. What I found interesting is what was missing from both the motion and the preliminary order granting the DoJ motion.
I continue to have reason to believe we have not heard from Mr Perdigao for the last time. (h/t Mr NAAS for the PACER docs.)
In fact we have the plea agreement, factual basis, forfeiture, a sentencing date and more on the Perdigao legal page. I noted some of the docs were not signed by Mr Wessel.
I’ve read the docs and have some thoughts but am interested in hearing what Sally and some of the others have to say. All the docs can be found on our Perdigao legal page.
Got your calendar handy? Here’s today’s docket entry in USA v Perdigao:
Minute Entry for proceedings held before Magistrate Judge Louis Moore, Jr:Arraignment as to James G Perdigao (1) Count 1ss-63ss held on 10/31/2008. Defendant remanded. Pretrial Conference set for 11/13/2008 01:30 PM before Judge Eldon E. Fallon. Jury Trial set for 12/1/2008 08:30 AM before Judge Eldon E. Fallon. (Court Reporter Magistrate Clerical.) (dno, ) (Entered: 11/03/2008)
At this point, he faces all 63 counts of the second superseding indictment – including the 30 he entered a guilty plea to last Friday.
With the pre-trial conference set 10 days from now, it’s a good time to mention there are a number of pending motions before Judge Fallon. We’ll be posting decisions as the information becomes available.