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.<br /> A docket notation didn't give a reason for the postponement of Friday's arraignment. A new date hasn't been set.<br /> 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.<br /> 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.<br /> Prosecutors say the defendants illegally portrayed investments in their company as risk-free and misrepresented many aspects of their business."

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...

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