A former Kentucky insurance agent who was ordered to stay clear of the insurance industry more than a decade ago has reached a deal with federal prosecutors to pay $139.4 million in restitution for a fraud scheme involving a corrupt banker, the clandestine purchase of a workers' compensation carrier and secret control of several PEOs whose unpaid debts led to the carriers' collapse.
Wilbur Anthony Huff reached a plea agreement with federal prosecutors on Tuesday, admitting that he defrauded Oklahoma insurance regulators regarding the source of funds used to purchase a workers'...
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