Former US Fidelis Co-owner Cory Atkinson Receives State Sentence
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ST. CHARLES, MO (KMOX)-One of brothers who ran the now bankrupt auto warranty sales firm US Fidelis has made his final court appearance on charges stemming from the operation of the company.
Cory Atkinson was sentenced in St. Charles County Circuit Court Friday to four years in jail, as called for in a plea agreement with prosecutors. Atkinson pleaded guilty in June to one count each of insurance fraud, unlawful merchandising and stealing. The four year sentence will run concurrently with the 40 month sentence he was given in federal court last week, on charges of conspiracy to commit mail and wire fraud and filing false tax returns. His attorney, William Margulis, says Cory will wind up serving about three years behind bars.
Before the sentencing, prosecutors presented Judge Ted House impact statements from 55 US Fidelis customers who they say suffered ‘financial consequences’ after buying policies based on the misinformation provided by Cory and other employees.
House called the statements ”heartbreaking” telling Atkinson, “They represent just a fraction of the citizens you have injured.”
House called the scope of the crime “stunning” and told Atkinson, “The audacity of the criminal enterprise was one for the record books.”
Atkinson did not respond. His attorney, Bill Margulis told KMOX afterwards, “All I can say in reponse to that is that he has accepted responsibility for his actions by pleading guilty in both state and federal court.”
Atkinson is scheduled to surrender to federal authorities in November.
His brother Darain was sentenced earlier this week to eight years in federal prison. He’s scheduled to be sentenced on state charges next week.