Texas men's arraignment on fraud charges postponed | AP Texas News | Chron.com - Houston Chronicle

Texas men's arraignment on fraud charges postponed | AP Texas News | Chron.com - Houston Chronicle: "The arraignment of three Texas businessmen accused of defrauding hundreds of investors out of more than $100 million has been postponed in federal court in Virginia.
A docket notation didn't give a reason for the postponement of Friday's arraignment. A new date hasn't been set.
Thirty-nine-year-old Christian Allmendinger (AHL'-mihn-ding-ur ) of Houston, 35-year-old Adley Abdulwahab (AHB'-duhl-wah-hahb) of Spring and 40-year-old David White of Missouri City are charged with mail fraud, money laundering, conspiracy and securities fraud.
They were principals in companies that bought life insurance policies from insured people at less than face value, then collected the benefits when those people died.
Prosecutors say the defendants illegally portrayed investments in their company as risk-free and misrepresented many aspects of their business."