New Fraud Charges Brought Against Indicted Insurer CEO
New charges have been brought against a Maryland businessman accused to Delaware insurance regulators.
A federal grand jury in Baltimore on Tuesday returned a superseding indictment against 39-year-old Jeffrey Cohen of Reisterstown. It charges Cohen with wire fraud and money laundering.
Cohen is the founder and former CEO of Indemnity Insurance Corp., which specializes in insuring nightclubs and bars. According to the 12-count indictment, Cohen falsely represented the financial status of entities he controlled to fraudulently obtain more than $100 million in insurance premiums.
Cohen was charged with lying to Delaware insurance regulators in the original indictment. He remains in federal custody.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- Beyond the Claim: How Social Canvassing is Transforming Insurance Fraud Detection
Popular This Month