Federal Grand Jury Indicts Frankel, Four Others

A federal grand jury in Connecticut has returned indictments against fugitive financier Martin Frankel, and four former associates charging them with conspiracy in Frankel’s fraudulent schemes to siphon off over $200 million from several insurance companies he controlled for his personal use.

The indictment names Sonia Howe of Charlotte, NC, a trustee of Frankel’s holding company Thunor Trust; John Jordan of Nashville, Tenn., who acted as counsel to several of Frankel’s companies; Gary Atnip of Brentwood, Tenn., the chief financial officer of several Frankel controlled companies, and Mona Kim of Pleasantville, NY, Frankel’s business manager.

Frankel is currently imprisoned in Germany following his convictions for passport fraud and smuggling diamonds. German authorities have agreed to extradite him to the U.S. to face the multiple charges against him, but so far no firm date for his return has been set.