U.S. Army financial counselor pleads guilty to defrauding Gold Star families
CBSN
A United States Army financial counselor could face decades in prison for duping the families of fallen soldiers out of millions of dollars and, in turn, generating millions for himself through a life insurance scheme, authorities said.
The U.S. Department of Justice announced on Tuesday that Caz Craffy, who is also known as Carz Craffey, pleaded guilty to six counts of wire fraud and other criminal charges including securities fraud, making false statements in a loan application, committing acts affecting a personal financial interest and making false statements to a federal agency.
The 41-year-old from Colts Neck, New Jersey is scheduled to be sentenced in district court on Aug. 21. The maximum penalties for the charges include 20 years in prison for each count of wire fraud and securities fraud and five years in prison for the remaining charges, the Justice Department said in a news release. Craffy could also be ordered to pay fines as high as $7 million — twice what his victims lost in the financial scam — for all counts but one.
A pistol that the notorious Prohibition-era gangster Al Capone nicknamed "sweetheart" is once again up for auction. This time, prospective buyers can place bids in South Carolina on the weapon that Capone's family members credit with routinely protecting his life, after a Greenville-based auction house acquired what is now considered by some to be an iconic collectible.