Trumbull Lawyer Gets Prison Time in Life Insurance Scheme

TRUMBULL, CT — A Trumbull attorney was sentenced to three years in federal prison after he was found guilty of participating in a life insurance scheme.

David Quatrella, 62, participated in a scheme to assist elderly people with applying for multimillion dollar life insurance policies, according to the U.S. Attorney District of Connecticut office.

The victims were offered free life insurance for two years and then Quatrella and others would attempt to sell the policy and provide a share of the proceeds to the insured. Investors were recruited with the understanding they would earn a profit when the policies were sold.

Quatrella and others submitted false and misleading information to life insurance providers and failed to disclose the third-party premium funding, according to the U.S. Attorney's office.

Quatrella personally profited about $272,000. The life insurance companies were exposed to a total loss of $15 million, but no death benefits were paid.

Quatrella pleaded guilty in January to one count of conspiracy to commit wire fraud. He agreed to forfeit $272,000 and surrendered his lawn license. He will report to prison on July 28.

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