Wotman Recovers Millions of Dollars in Stolen Assets

 

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Representation for five years of Federal Receiver over National Heritage Life Insurance Company, in liquidation, appointed by the United States District Court for the Southern District of New York. Mr. Wotman recovered, through a number of federal and state court civil litigations, millions of dollars in stolen assets from Sholam Weiss and his cohorts who were disgraced members of the Hassidic Satmar Religious Sect of Borough Park, Brooklyn.

Mr. Weiss stole over $450 million from National Heritage Life through various “mind numbing” schemes including falsified real estate appraisals, leases and mortgages. National Heritage had issued life insurance policies to over 30,000 residents of the State of Florida and was placed into liquidation by Delaware State Regulators.

National Heritage was the nation’s largest ever insurance fraud according to the New York Daily News. Mr. Weiss was ultimately convicted and sentenced by the United States District Court in Orlando, Florida to 180 years in a federal penitentiary, one of the longest white-collar sentence ever imposed in the history of the United States. The case was the subject of a segment piece on CBS’s “Sixty Minutes,” CNBC’s “American Greed” and various articles in The New York Times. Donna Lee Williams, Insurance Commissioner of The State of Delaware v. LPDA Acquisition Corp., et al., United States District Court for the Southern District of New York.