For Peter Lombardi, formerly the President of life settlement fraudster Mutual Benefits Corp., bad things come in threes. First, he settled with the SEC in a civil action, and paid out $6m. Second, he pled guilty in US District Court to securities fraud, and was sentenced to 20 years in Federal prison and ordered to pay Restitution in the amount of $839m. In the latest instance of justice being served, he has settled a class action suit brought against him for a reported $ 1.5m. He will now most likely have to sell all his remaining assets to raise sufficient funds. Will he have any assets left? It is doubtful, but if so, there are other defrauded investors who also have civil actions pending, and they certainly would like a piece of him.

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