|LARRY O'DELL, Associated Press|
A judge heard emotional testimony from several victims before handing down the sentence, which will keep the 61-year-old Vargas behind bars for the rest of his life.
Vargas was president of Provident Capital Indemnity. The company sold bonds guaranteeing funding for life settlement firms, which buy life insurance policies from insured people at less than face value and collect the benefits when those people die.
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