List/Grid Tag Archives: insurance
Executive Indicted for Allegedly Defrauding Employee Benefit Plans of Public Housing Agencies Nationwide of $8.6 Million
CHICAGO—A former executive and part owner of a suburban company that administered employee pension plans and group life insurance programs for public housing authorities across the country was indicted for allegedly defrauding the agencies and their employees of more than $8.6 million. The defendant, Richard P.
IL state retirees speak out to protect health care
May 3, 2012 By Stephanie Fryer | Illinois Statehouse News SPRINGFIELD — State retirees came here Thursday to protest against a measure that could curtail $876 million in taxpayer subsidies for retirees’ health care. Barbara Franklin , a retiree who worked for the University of Illinois for 37 years, said, “I paid year in and year out for my insurance, for my dependents’ insurance, with the promise that when I retired if I had more than 20 years, my insurance would be paid for.” Retired state workers and university employees qualify for premium-free state health insurance, if they worked for more than 20 years.
Mortgage Broker Sentenced to Over Three Years in Prison in Fraudulent Mortgage Rescue Scheme Resulting in Losses of Over $1.2 Million to Homeowners in Financial Distress
BALTIMORE—U.S. District Judge William D.
United States Announces $8 Million Penalty and Non-Prosecution Agreement with Florida-Based Imperial Holdings Inc.
CONCORD, NH—Imperial Holdings Inc., a publicly traded specialty finance corporation headquartered in Boca Raton, Florida, has entered into a non-prosecution agreement (NPA) with the U.S. Attorney’s Office for the District of New Hampshire to pay an $8 million penalty to resolve fraud allegations related to Imperial’s involvement in making misrepresentations on life insurance applications in connection with its premium finance business, U.S.
Hampton Roads Developer Pleads Guilty to Massive Bank and Historic Tax Credit Fraud
NORFOLK, VA—Eric H. Menden, 53, of Chesapeake, Virginia, pled guilty today to engaging in a $41 million bank fraud scheme that contributed to the failure of the Bank of the Commonwealth.
Robert Shane Peterson Pleads Guilty in U.S. Federal Court
The United States Attorney’s Office announced that during a federal court session in Billings on April 13, 2012 before Chief U.S. District Judge Richard F.
McAllen Woman Convicted for Role in Aflac Insurance Fraud Scam
MCALLEN, TX—Another south Texas resident has been convicted in relation to a multi-million-dollar conspiracy to defraud the American Family Life Assurance Company (Aflac), United States Attorney Kenneth Magidson announced today. A total of 36 persons were charged in mid-June 2011 in a number of indictments for their roles in a conspiracy to defraud Aflac of millions of dollars by filing false injury claims.
Final Baltimore Police Officer Pleads Guilty in Towing Extortion Scheme
BALTIMORE—Baltimore Police officer Jaime Luis Lugo, age 36, of Aberdeen, Maryland, pleaded guilty today to conspiring to commit and committing extortion under color of official right in connection with a scheme in which brothers Hernan Alexis Moreno and Edwin Javier Mejia paid Lugo and over 50 other officers to arrange for their car repair company, Majestic, rather than a city-authorized company, to tow vehicles from accident scenes and make repairs. The guilty plea was announced by United States Attorney for the District of Maryland Rod J.
Ankeny Businessman Sentenced to 57 Months for Insurance Fraud
DES MOINES—Dinesh Sethi, owner of DES Staffing Services, was sentenced this morning to 57 months of imprisonment for his fraudulent scheme to avoid paying $778,940 in workers compensation premiums to Travelers and Liberty Mutual Insurance companies. Chief Judge James E.
LifeAuditors Offers Unique Planning & Evaluation Service That Examines the Totality of Personal & Professional Planning
Baby Boomers are notorious for keeping secrets, says Paul Katz, founder of LifeAuditors, Inc. (http://www.lifeauditors.com), a new fee-based consulting service that examines the totality of personal and business planning tools….