A Florida federal grand jury probing the financial remains of failed professional employer organizations and a bogus California workers' compensation insurer has issued a sealed indictment charging five people with 25 crimes, a court document confirmed this week.
Sources close to the investigation said federal officials are close to unsealing the indictment, issued in Jacksonville, and making arrests in several states.
A reference to the indictment was included in a motion filed by federal prosecutors April 12 asking for a reduced sentence for Michael Lee McCafferty, the former chief exe...
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