Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

Michael Woodyard, former Dallas Structured Settlement Broker Who Defrauded ACE European Insurance Sentenced

by Structured Settlement Watchdog

Wesley Michael Woodyard, a former structured settlement broker from North Dallas, Texas, pleaded guilty to defrauding ACE European Insurance Company and other insurers of over $4 million between 2002 and 2013, and was sentenced this morning, July 7, 2017, to 87 months in prison.

In 2016 Woodyard was arrested in Minnesota after evading law enforcement for a year. The agency with whom Woodyard was affiliated, previously settled with the insurers.

Woodyard was sentenced on 7/7/17 to 87 months in the clink.

Other References

Northern District of Texas | Businessman Sentenced to 87 Months in Federal Prison for $4.6 Million Fraud Scheme | United States Department of Justice

Former Texas Businessman Gets 7 Years for Scamming London Insurer

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