by Structured Settlement Watchdog
Convicted defalcator Joey Gargan, the disgraced former owner of structured settlement brokerage The Pension Company, who had the temerity to rip off the United States Government and a New York minor’s settlement from a Westchester County hospital, served time at Butner Federal Medical Center in Butner, North Carolina
FMC Butner is an administration security federal medical center
Hosting 721 total inmates with special health needs, a accrding to the Federal Bureau of Prisons
- Ponzi schemer Bernard L. Madoff, inmate 61727-054, spent over a year at FMC Butner before passing away on April 14, 2021.
- In 2020 Gargan pleaded guilty to embezzlement of government funds and wire fraud, embezzling $8 million in settlement money, including money intended for minors.
- Gargan, inmate 02366-509, was sentenced to 70 months in prison on September 23, 2020.
- It is not clear when Gargan was transferred to FMC Butner His initial attempt at compassionate release was denied by the Warden at FCI Loretto on May 10, 2021 (per Casemine) so he missed out on the opportunity to play pinochle with Bernie before he played his final Gargan was transfererd to FMC Butner sometime after July 20, 2021, and he later claimed to have contarcted Covic-10 there, developing long Covid symptoms (per Casemine)
- Click to read more about the Joe Gargan Embezzlement.
In addition to stealing from the United States and its taxpayers, Joey Gargan allegedly flim-flammed multiple Pension Company settlement consultants for hundreds of thousands in unpaid earned commissions