A federal jury in Richmond, Va., convicted a Houston businessman for his role in a $100 million life-settlement fraud scheme that prosecutors say bilked more than 800 people in the U.S. and Canada.
To better highlight its efforts to crack down on financial fraud, including illegal activities involving securities, the U.S. Attorney’s Office for the Eastern District of Virginia has renamed one of its divisions.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.