In a scam spanning five states, including Oklahoma, Martin Frankel stole more than $200 million from seven insurance companies, during the 1990s. Frankel, now incarcerated for the scheme, pretended to invest the insurers’ funds in U.S. Treasury instruments, while in fact transferring the assets to a Swiss bank account. Since 1999, LL&D has represented Oklahoma Insurance Commissioner Kim Holland and her predecessor commissioner, as Receiver of the Oklahoma insurer victimized by the scheme.