Author Topic: President of Insurance Brokerage Firm and CEO of Marketing Company Sentenced in $233M  (Read 50 times)

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Offline rangerrebew

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President of Insurance Brokerage Firm and CEO of Marketing Company Sentenced in $233M

Affordable Care Act Enrollment Fraud Scheme that Preyed on Vulnerable Consumers
Wednesday, February 18, 2026
 
Two executives were each sentenced to 20 years in prison after being convicted for their roles in a years-long scheme to steal from the Affordable Care Act (ACA) program. The defendants — the president of an insurance brokerage firm and the CEO of a marketing company — preyed on tens of thousands of vulnerable consumers to improperly enroll them into fully subsidized ACA plans, for which the defendants earned millions of dollars in commission payments from insurance companies.

“Preying upon medically compromised consumers to rob hundreds of millions from taxpayer-funded programs is evil and unforgivable,” said Attorney General Pamela Bondi. “Fraud schemes like this rob citizens and shake faith in our institutions — today’s sentencing is the latest example of this DOJ’s commitment to fighting fraud nationwide.”

“These defendants didn’t just commit fraud; they built a business model around exploiting people at their most vulnerable,” said FBI Director Kash Patel. “They targeted vulnerable individuals in the community, manipulated federal health programs for profit, and put victims at risk of losing critical medical care so they could cash in. Stealing hundreds of millions of taxpayer dollars while endangering lives is as callous as it gets. The FBI and our partners will continue to track down and hold accountable anyone who treats vulnerable Americans as a payday.”

“These defendants will rightly spend decades in prison for taking advantage of thousands of vulnerable people and stealing millions from a health care safety net designed for working families,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division. “These defendants were sophisticated, licensed insurance brokers. They had everything and intentionally took advantage of people who had nothing. The message from these sentences is simple: those who seek to line their own pockets with taxpayer dollars, victimize our most vulnerable and deplete federal programs will be held accountable.”

https://www.justice.gov/opa/pr/president-insurance-brokerage-firm-and-ceo-marketing-company-sentenced-233m-affordable-care
"A great civilization is not conquered from without until it has destroyed itself from within. " -- Ariel Durant

Offline rangerrebew

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Are they Somalis?  Democrats? :whistle:
"A great civilization is not conquered from without until it has destroyed itself from within. " -- Ariel Durant

Online mountaineer

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Cory Lloyd and Steven Strong. The third defendant is Dafud Iza. An eclectic bunch.