Former lawyer to pay $42 million for life insurance fraud
Defendants in the long-running case have been ordered to pay restitution to more than 200 plans. Assets were allegedly siphoned from benefits payments to buy property and used for other personal expenses.
The Department of Labor recently closed an 18-year-old case it has pursued against a former lawyer who was found liable for diverting tens of millions of dollars from employee life insurance plans.
Defendants in the long-running case, including former Bridgeport, Pennsylvania, lawyer John J. Kore
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