JP Pritchard

Judge to Consider Overturning Spring Man’s Conviction in $100M Scam

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Adley Abdulwahab

(Credit: Richmond Police)

A man from Spring who was convicted in a $100 million life insurance scam wants his convictions tossed.

A federal appeals court in Virginia is hearing the case of Adley Abdulwahab today.  In June of 2011, he was convicted on 15 counts of conspiracy, wire fraud and money laundering.

Abdulwahab was one of the principals in companies that used investors’ money to buy life insurance policies at less than face value, promising to pay big when the insured died.

Instead, the money was spent on lavish lifestyles.  The scam claimed more than 800 victims.  Abdulwahab was sentenced to sixty years in prison.

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