US EditionFlorida Executives Sentenced in $233M Affordable Care Act Fraud Case Involving Homeless and Hurricane Victims
Cory Lloyd and Steven Strong sentenced to 20 years and ordered to pay $180.6 million restitution for enrolling 35,000 vulnerable Floridians in fraudulent ACA plans.
- Two Florida executives, Cory Lloyd and Steven Strong, were sentenced to 20 years in prison for leading a $233 million fraud scheme targeting vulnerable individuals under the Affordable Care Act program involving conspiracy to commit wire fraud and money laundering charges.
- The scheme involved enrolling about 35,000 low-income, homeless, or medically compromised people in subsidized ACA plans through fraud, often causing them to lose existing insurance coverage and disrupting access to critical medical treatments.
- Lloyd and Strong used the stolen funds to buy luxury items including an oceanfront Florida Keys home, an 80-foot yacht, and vehicles, and were ordered to pay $180.6 million in restitution.
- Justice Department officials, including Attorney General Pam Bondi, condemned the scheme for exploiting vulnerable Americans and emphasized ongoing efforts to fight health care fraud nationwide as a message that such crimes will be punished.
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Executives Sentenced to 20 Years for $233 Million Obamacare Fraud
The president of an insurance brokerage company and the chief executive of a marketing company have been sentenced to 20 years in prison for their roles in a years-long scheme to steal from the Affordable Care Act (ACA) program, according to a Feb. 18 statement from the Department of Justice (DOJ). Cory Lloyd, 47, of Stuart, Florida, the company’s president; and Steven Strong, 43, of Mansfield, Texas, CEO of Arizona Financial Partners, engaged i…
OBAMACARE FRAUD EXPOSED: Two Executives Sentenced to 20 YEARS in $233M Scam — Used Taxpayer-Funded Scheme to Buy 80-Foot Yacht, Luxury Cars, and Florida Keys Oceanfront Mansion | The Gateway Pundit | by Jim Hᴏft
Two healthcare executives have been sentenced to 20 years in federal prison each after orchestrating a massive $233 million fraud scheme targeting Obamacare subsidies, according to the U.S.
Million-Dollar Misery: Florida Executives Handed 20-Years For Massive ACA Fraud Scheme
Two high-ranking insurance executives will spend the next two decades behind bars after orchestrating a sprawling $233 million fraud that exploited the nation’s healthcare safety net. Cory Lloyd, 47, and Steven Strong, 43, were sentenced to 20 years in prison each for a calculated plot that prioritized luxury yachts and waterfront mansions over the lives […] Million-Dollar Misery: Florida Executives Handed 20-Years For Massive ACA Fraud Scheme
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