Judge Acquits Segal on 7 Charges, 19 Others Upheld
U.S. District Judge Ruben Castillo acquitted former Near North Insurance Brokerage CEO Michael Segal on seven of the 26 federal counts he was convicted of earlier this year, but he upheld the others.
Segal and Chicago-based Near North were convicted in June of racketeering and fraud charges connected to the embezzlement of more than $20 million of the firm’s premium fund trust over a period of 10 years.
Segal faces sentencing Feb. 23 and may get as much as 20 years in prison.
Popular Today
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- Beyond the Claim: How Social Canvassing is Transforming Insurance Fraud Detection
Popular This Month
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Property Restoration Industry: A Culture in Need of Repair?