Laura Allen Legal Group | White Collar Criminal Defense | Dallas, TX | Represented Insurance Company CEO in Federal Fraud Investigation over $500,000,000 in State Guaranty Fund Losses
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Represented Insurance Company CEO in Federal Fraud Investigation over $500,000,000 in State Guaranty Fund Losses


  • Represented insurance company CEO who was a primary individual target of 24-target multistate federal Grand Jury investigation lasting five years and involving over 100 agents; prosecutors alleged collusion and fraud causing over $500,000,000 in losses to state guaranty funds, and asserted by DOJ as the largest insurance fraud investigation in U.S. history; while attorneys representing other targets simply awaited indictment, we instead conducted extensive investigation and after defense presentations to DOJ, alone convinced DOJ that underlying assumptions of prosecution theory were false.
 
Result: Investigation closed; declination of prosecution of client and all 23 other targets; DOJ issued rare note of gratitude for correcting its errors prior to indictment.