financial crime

A New Bedford, Massachusetts couple admitted in federal court in Boston yesterday that they carried out a scheme to cheat their own insurance clients—using their company, BL Insurance Brokerage, LLC, as the vehicle for the fraud.

The founder of a disgraced Minnesota nonprofit—convicted of masterminding a staggering $250 million welfare fraud scheme—was ordered by a judge last week to surrender her Porsche, luxury designer handbags, and millions of dollars in illegally obtained profits.