5 local men to be sentenced for $100M fraud scheme
RICHMOND, VA
The men were associated with Houston-based companies known as
A&O, which purchased life insurance policies from individuals at
less than face value and then collected the benefits when those
people died. Prosecutors said A&O officials and associates
misrepresented many aspects of their business to investors.
Among those set for sentencing Friday in U.S. District Court is
A&O co-founder Brent Oncale of Houston. The others are former
company president David White of Missouri City, Texas; former A&O
lawyer Russell Mackert of Spring, Texas; former A&O wholesaler Eric
Kurz of The Woodlands, Texas; and former A&O salesman Tomme (Tommy)
Bromseth of Richmond.
