Martin Frankel

Personal life Marty Frankel was born to Leon and Tilly Frankel in 1954; he was Leon's fourth child and Tilly's second, and was raised as Jewish. He attended the University of Toledo but never graduated.

Career Frankel used astrology to make financial trading decisions. In addition, he usually could not bring himself to actually make trades, causing trouble for him with the brokerage firms he worked for. After being fired by his boss John Schulte in 1986, Schulte's wife and brokerage partner, Sonia, left the marriage to join Frankel as his business and life partner.

In an attempt to use the Roman Catholic Church to discourage questions of legitimacy,

Arrest and conviction

Frankel fled the United States in May 1999. He went by private plane to Rome and then to Hamburg, Germany, By the time Frankel was first sentenced in December 2004, sixteen of his accomplices had been convicted. Frankel was initially released from prison to a halfway house in Massachusetts in 2015, but was returned to prison for an additional 6 months for violations of the rules at the halfway house. He was then released to a halfway house in Hartford, CT only to once again be ordered to serve 6 more months for violations at that halfway house. He was then released to a reentry facility in Brooklyn.

Several states put Frankel's insurance companies into receivership when it was discovered the companies' primary assets were investments in Frankel's own shell company; among the states affected were Arkansas, Mississippi, Missouri, Oklahoma, Tennessee, and Virginia.