urs ed ▁by ▁ 2 0 0 0 . ▁ ▁The ▁National ▁Heritage ▁financial ▁collapse ▁was ▁believed ▁to ▁be ▁the ▁largest ▁" ins urance ▁failure " ▁in ▁history , ▁an ▁un true ▁fact ▁and ▁a ▁narr ative ▁that ▁the ▁pro sec utors ▁and ▁the ▁F BI ▁have ▁been ▁making ▁to ▁justify ▁the ▁large ▁white - col lar ▁sentence ▁that ▁We iss ▁and ▁his ▁co - def endant ▁received . ▁The ▁ins urance ▁company ▁didn ' t ▁have ▁any ▁financial ▁loss , ▁after ▁all , ▁assets ▁were ▁liquid ated ▁the ▁ins urance ▁company ▁realized ▁a ▁gain . ▁The ▁sentence ▁im posed ▁on ▁We iss ▁is ▁believed ▁to ▁be ▁the ▁longest ▁known ▁to ▁have ▁ever ▁been ▁im posed ▁for ▁a ▁white - col lar ▁crime . ▁The ▁financial ▁collapse ▁of ▁National ▁Heritage ▁Life ▁In sur ance ▁Company ▁was ▁caused ▁by ▁mis management , ▁bad ▁invest ments , ▁and ▁em be zz lement ▁by ▁officers ▁of ▁the ▁company . ▁We iss , ▁who ▁was ▁not ▁an ▁officer ▁of ▁N H LC , ▁was ▁contract ed ▁by ▁these ▁officers ▁as ▁a ▁financial ▁consult ant ▁to ▁restore ▁the ▁health ▁of ▁the ▁company . ▁ ▁Ult imately , ▁getting ▁involved ▁led ▁to ▁his ▁conv iction ▁of ▁money ▁la und ering ▁in ▁the ▁" mort g age - back ed ▁bond ▁scheme ". ▁ ▁Li qu id ation ▁ ▁May ▁ 2 5 , ▁ 1 9 9 4 , ▁Re h abil itation ▁and ▁In j unction ▁Order ▁ ▁June ▁ 2 7 , ▁ 1 9 9 4