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N.J. businessman finally serving sentence for insurance fraud

A Hammonton, N.J., businessman convicted of an insurance fraud scheme in 2006 started serving his sentence Oct. 17 after five years of appeals.

Samuel Siligato, 61, was convicted in 2006 for submitting about $400,000 in false property-damage claims to two insurance companies after a 1998 fire at a commercial property he owned in Winslow Township, N.J. The jury also found he tried to influence two witnesses to give false testimony at his trial.

Siligato was sentenced to 11 years in prison in September 2006, but was freed on bail Feb. 2, 2007, pending appeal.

The witnesses Siligato was convicted of influencing were represented by Jacobs and Barbone, the same law firm that represented Siligato. Superior Court Judge Albert Garofolo found that Siligato waived the perceived conflict, and an appellate panel backed the judge’s ruling earlier this month.

Siligato’s bail was revoked Oct. 11.

After an emergency appeal was denied Oct. 14, Siligato agreed to turn himself in at the Atlantic County Justice Facility.

While Siligato was free, a further investigation determined the fire was arson. He subsequently was indicted for aggravated arson, conspiracy and obstructing the administration of the law. Those charges are still pending.

Insurance & Financial Advisor 


Written by lordsinsurancelog

October 24, 2011 at 6:54 pm

Posted in Insurance News