Man Gets Prison Term for Insurance Fraud
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A Los Angeles federal judge sentenced a businessman to 18 months in prison Friday for taking part in a scheme to sink a $1.9-million yacht off the coast of Italy to collect on a $3.5-million insurance policy.
The sentence represents time previously served by Paul A. Ebeling, 62, of St. Louis after he was indicted on 13 criminal counts, including conspiracy, fraud and perjury.
Ebeling was given a reduced sentence for cooperating with the government and testifying against the plot’s mastermind, Rex DeGeorge, 65, a former Beverly Hills lawyer who was convicted in March and faces sentencing Tuesday.
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