Tag:

Life Insurance

Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout
Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout A Bridgeport man could face five years in prison after neglecting to mention while under oath that he was the beneficiary of a $100,000 life insurance policy for his mother, who died nine days after he filed for bankruptcy. Anthony Faustini, 57, was $86,862 in debt according to the office of the Connecticut U.S. Attorney. He reportedly filed for bankruptcy on March 12 of 2018; nine days later, his mother passed away.  On April 18 of that year, Faustini testified in bankruptcy court. When he was specifically asked whether "anybody died and left you any money," Faustini said "no" under o…