STUART, Fla. — A Florida insurance executive and a Texas marketing company CEO have been charged in connection with an alleged $161 million fraud scheme involving Affordable Care Act (ACA) enrollments, according to the U.S. Department of Justice (DOJ).
Cory Lloyd, 46, of Stuart, and Steven Strong, 42, of Mansfield, Texas, were indicted on conspiracy, wire fraud, and money laundering charges in a scheme that allegedly involved submitting fraudulent applications for ACA insurance plans.
The indictment alleges that Mr Lloyd and Mr Strong enrolled individuals in fully subsidized ACA plans by providing false income information, allowing them to collect commission payments from insurance companies…