Two former executives of the organization that administers Michigan's residual workers' compensation market pleaded guilty to charges that they helped embezzle $2.6 million.Michigan Attorney General Bill Schuette announced that Jerry Stage, 67, pleaded guilty to one count of embezzlement of more than $100,000 and one count of conspiracy to embezzle more than $100,000. Both charges are felonies that are punishable by up to 20 years in prison.Prosecutors had alleged that Stage, who is the former CEO of the Compensation Advisory Organization of Michigan, had embezzled millions by writing ...
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