Mutual Benefits Exec Cops To Mail, Wire Fraud In $837M Scam

Law360, New York (September 3, 2013, 6:10 PM EDT) -- A former Mutual Benefits Corp. executive on Tuesday reached a plea deal with prosecutors in two cases accusing him of running an $837 million insurance scam, agreeing to plead guilty on a charge of conspiracy to commit mail and wire fraud.

In exchange for Former Mutual Benefits Corp. executive Steven Steiner’s guilty pleas on the mail and wire fraud charge in the two cases, the federal government agreed to seek dismissal of counts two to 25 in the 2008 indictment against Steiner in one case and...
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