A federal judge today sentenced Michael Segal, the former head of Chicago-based insurance brokerage firm Near North, to 10 years and 1 month in federal prison.
The sentence, by U.S. District Court Judge Ruben Castillo in Chicago, followed months of legal maneuvers and medical examinations to assess Mr. Segal's health.
Attorneys contended that Mr. Segal suffered from attention deficit disorder and could not adequately engage is his own defense, an argument the court rejected. Mr. Segal was convicted in June 2004 of embezzling more than $20 million from his firm's premium trust account.
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