DAVE TAYNOR

TAYNOR, DAVID

Hometown:  Bethaldo, IL  (Civic Memorial HS)

CATEGORY   TOTAL   1972 1973 1974
YEAR     So. Jr. Sr.
POSITION     G G G
HEIGHT     6'3 6'4 6'4
WEIGHT       180 185
JERSEY          
Games Played/Started 55/   21/4 25/ 9/1
Points 309   144 117 48
   Per Game 5.6   6.9 4.7 5.3
Rebounds 72   37 25 10
   Per Game 1.3   1.8 1.0 1.1
FG: Attempts 326   147 144 35
       Made 140   66 56 18
       Percent 42.9   44.9 38.9 51.6
FT: Attempts 42   18 11 13
       Made 29   12 5 12
       Percent 69.0   66.7 45.5 92.3
Production Points/Game          
Production Points/Minute          

1972:  Lettered.

1973:  Lettered. Starter

1974:  Lettered, Captain, Missed all games except nine with hip injury.

A joint investigation by the U.S. Postal Inspection Service, the Federal Bureau of Investigation, the Internal Revenue Service, the Illinois Department of Insurance, and the Federal Grand Jury for the Southern District of Illinois has resulted in the conviction of former Illinois insurance producer, David Taynor of Bethalto, Illinois, and his co-defendant, William Hicks of Fort Worth, Texas.

Taynor pleaded guilty to money laundering on February 21, 1996. He was indicted in July of 1994 for his part in the operation of a fraudulent insurance program involving First Interstate Fire and Casualty (FIFC), a company chartered in the Turks and Caicos Islands. The indictment charged that the company was a sham operation and Taynor, operating as David Taynor and Associates in Fairview Heights, Illinois, was managing general agent for the sham company, selling policies to insureds who later suffered financial losses when the company failed to pay claims.

Taynor pleaded guilty to a monetary transaction involving approximately $115,000 derived from the unlawful operation of the insurance company and ultimately sent to a Texas holding company (First Interstate Holding Company) where it was misappropriated and used to buy stock for Taynor and other co-defendants.

Hicks pleaded guilty on March 1, 1996, to one count of wire fraud. He admitted to faxing to Taynor, a false financial statement for FIFC which was submitted to the Illinois Department of Insur-ance for the purpose of misrepresenting the company's financial condition. Hicks faxed the statement in May of 1991. By November of that year, the Department of Insurance had issued a cease and desist order against the sale of FIFC policies, but not before the company collected approximately $2.3 million in premiums.

Sentencing is set for June 14, 1996, before Judge Paul E. Riley in the East St. Louis, Illinois, Federal District Court. Taynor could be sentenced to a maximum of 10 years imprisonment and a fine equal to double the amount of the loss. Hicks faces a maximum penalty of five years imprisonment and/or a fine of $250,000.

Illinois Insurance, The Regulatory Newsletter of Illinois Department of Insurance, April, 1996