Legacy Network execs plead guilty to allegations of fraud
Updated On: Jun 21 2013 10:58:56 AM CDT
A father and son pleaded guilty in connection to fraud at The Legacy Network, an insurance brokerage agency in Idaho Falls and Rexburg.
U.S. Attorney Wendy J. Olson said Thursday that Adrian Rand Robison, 67, of Rigby, pleaded guilty to mail fraud. He 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, who served as the CEO and owned a minority interest in the company, pleaded guilty to making and subscribing a false tax return.
The company's offices were raided in October 2010. At the time, federal agents were closed-lipped about their investigation.
The defendants are scheduled to be sentenced in September before Chief U.S. District Judge B. Lynn Winmill at the federal courthouse in Pocatello. Rand Robison faces up to 20 years in prison, a maximum fine of $250,000, and up to three years of supervised release. Russell Robison faces up to three years in prison, a maximum fine of $100,000, and up to one year of supervised release.
The Robisons' attorneys, Brett Tolman and Nathan Crane, issued the following statement:
“Rand and Russell have been fully cooperating with the government in its investigation and take full responsibility for their actions. Rand and Russell deeply regret their mistakes, have learned from them and genuinely hope to rebuild and repair any relationships that have been harmed as a result of their actions."
The case was investigated by the IRS, FBI and Idaho Department of Insurance.
For details on what led to these charges, see http://bit.ly/12ezMHr.
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