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Twenty-three people charged in massive life insurance scam

June 6, 2022

A federal grand jury in Chicago has charged 23 people with participating in an insurance fraud scheme that allegedly bilked 10 life insurance carriers out of at least $26 million in benefits.

The defendants allegedly submitted fraudulent applications in order to obtain life insurance policies in the names of various individuals, according to the Department of Justice. They then allegedly scammed the carriers into paying death benefits by misrepresenting the identity of a different deceased person as the insured.

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