Huff to Serve 12 Years for Scheme that Left Guaranty Associations with Millions in Liabilities

Wilbur Anthony Huff will spend 12 years in federal prison for his role in a scheme that led to the collapse of two workers' compensation carriers and left nearly $100 million in liabilities spread across 36 states. Huff in December admitted that he defrauded Oklahoma insurance regulators, bribing bank officials and various tax crimes. He agreed to pay $139.4 million in restitution as part of a plea agreement with the U.S. Attorney for the Southern District of New York.  His attorneys on Wednesday asked the U.S. District Court for Southern New York to delay sentencing by one mon...