Marshall Siegel, former head of the Independent Truck Owner-Operators Association (now defunct) of Canton, MA, has been sentenced to 15 months in prison for scamming owner-operators out of more than $215,000.
In November, Siegel and Marilyn L. Kriensky, an I-TOO officer, pleaded guilty to bilking truckers who were lured into participating in an I-TOO loan/insurance program. According to the U.S. Attorney's office, the loans were obtained through Firstar Bank of Sheboygan, WI. The loan documents represented the necessary insurance coverage in an amount that exceeded the actual cost of the insurance. Siegel and Kriensky pocketed the difference. Kriensky was sentenced to one year's probation for her role in the scam.
Siegel was also sentenced to three years of supervised release following his prison term and ordered to pay $215,546.16 in restitution and a fine of $4,000. It is unclear if Siegel has the money to pay the ordered restitution.