Fla. Insurance Execs Can't Dodge $20M Fraud Charges

Law360, New York (February 6, 2012, 3:55 PM EST) -- A Florida federal judge refused on Monday to throw out a grand jury indictment charging four Vanguard Fire and Casualty Co. executives with defrauding a state insurance bailout fund of $20 million.

U.S. District Judge Robert Hinkle said in his order that the charges were not barred by any statute of limitations, nor did they fail to allege a violation of fraud, as the defendants had argued they did in their motions to dismiss the grand jury’s insurance fraud and conspiracy charges.

“The motion to dismiss first...
To view the full article, register now.