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CFO sentenced for part in $33 million insurance fraud case

March 31, 2022

A Connecticut woman has been sentenced to 66 months in prison for her role in an insurance and loan fraud scheme worth $33 million.

Erin Verespy, 50, was accused of misappropriating client healthcare funds and defrauding multiple lenders. The chief financial officer of Employee Benefit Solutions LLC (EBS), Verespy pleaded to one count of conspiracy to commit wire fraud and bank fraud before the US District Court for the Southern District of New York in April 2021. Her prosecution is currently being handled by the Southern District of New York Office’s White Plains Division.

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