George Guldi, a former legislator in Suffolk County, N.Y. was sentenced this week to one to three years in prison for insurance fraud.
A 12-member jury last week found Guldi guilty of forging the endorsement of Countrywide Home Loans on an $863,000 insurance check paid out by AIG subsidiary American International Insurance Company after a fire destroyed his Westhampton Beach home. Rather than place the claims check into escrow, Guldi placed the proceeds into his own bank account.
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