Home » Ex-Army man admits to preying on grieving Gold Star families, swindling nearly $10M: Feds

Ex-Army man admits to preying on grieving Gold Star families, swindling nearly $10M: Feds

by John Jefferson
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Congressional Medal of Honor recipient Hershel Williams and Maj. Gen. James Hoyer, as they look at the newly unveiled Gold Star Families monument Saturday, Dec. 5, 2015, in Fairmont, W.Va. (Tammy Shriver/Times West Virginian via AP) THE EXPONENT OUT; THE DOMINION-POST OUT; MANDATORY CREDIT

Caz Craffy, 41, a onetime financial adviser in the U.S. Army from New Jersey, has pleaded guilty to swindling grieving Gold Star families out of millions through a series of insurance fraud schemes that spanned years.

The Colts Neck, New Jersey, resident admitted to 10 counts inside of a federal courtroom on Tuesday. That included guilty pleas to charges for wire fraud, securities fraud, making false statements on loan applications and more, his indictment shows.

“Those who target and steal from the families of fallen American servicemembers will be held accountable for their crimes,” Attorney General Merrick B. Garland said in a statement issued Tuesday. “Nothing can undo the enormous loss that Gold Star families have suffered, but the Justice Department is committed to doing everything in our power to protect them from further harm.”

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