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Fraud

posted 44 weeks ago on Specialty Insurance Blog

With the economic downtown, the frauds come to light. Fortune has chronicled four alleged frauds and the ringleaders. What is most interesting is the people behind the schemes, and how they pulled if off for so long. Audacity? Madoff - Trader (here & here) Dreier - Lawyer (here) Stanford - Money manager (here & here) Salander - Art dealer (here) None of these people were in the insurance business. Recently and within the actual insurance business itself (ie AIG?s problems...
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