Legacy Network execs go to prison
A father and son will both spend four months in prison in connection to fraud at The Legacy Network, an insurance brokerage agency in Idaho Falls and Rexburg, the U.S. Attorney’s Office in Idaho announced Tuesday.
Adrian Rand Robison, 67, of Rigby, was also ordered to pay restitution of $1.37 million for mail fraud. Chief U.S. District Judge B. Lynn Winmill also sentenced him to 18 months of supervised released with eight months of home detention and fined him $20,000. Robison was the founder and chairman of the board and owned a majority interest in The Legacy Network.
His son, Adrian Russell Robison, 38, of Idaho Falls, was also sentenced to a year of supervised release, the first eight months on home detention, fined $10,000, and ordered to pay restitution to the IRS of $270,630 for making and subscribing false tax returns. Russell served as the CEO and owned a minority interest in the company.
The company’s offices were raided in October 2010. At the time, federal agents were closed-lipped about their investigation.
According to a plea agreement, the charges stem from The Legacy Network’s mishandling of life insurance premiums. For details, see http://bit.ly/12ezMHr.
The case was investigated by the IRS, FBI and Idaho Department of Insurance.
