Fraud Defendant Denied Compassionate Release Despite Positive COVID-19 Test

Mealey's (July 20, 2020, 2:08 PM EDT) -- NEW YORK — A federal judge in New York on July 16 denied a motion for compassionate release or a recommendation for a 30-day furlough filed by a man who was sentenced to 144 months in prison for his role in a scheme that involved the sale of stranger-obtained life insurance (STOLI) policies, ruling that while he tested positive for COVID-19, it does not present a compelling reason to release him from prison (United States v. Michael Binday, No. 12 CR 152, S.D. N.Y., 2020 U.S. Dist. LEXIS 125938)....