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Insurance Executives Convicted in $233 Million Fraud Scheme

11/19/2025

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Summary

Story summary

Cory Lloyd, president of Fiorella Insurance Agency, and Steven Strong, owner of Floridacare Insurance, were convicted in West Palm Beach, Florida, for their roles in a $233 million Affordable Care Act fraud scheme.
They targeted vulnerable individuals, including the homeless and people with mental health issues, to enroll them in subsidized ACA plans they did not qualify for.
Sentencing is scheduled for February 4, 2026.

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Story summary

Cory Lloyd, president of Fiorella Insurance Agency, and Steven Strong, owner of Floridacare Insurance, were convicted in West Palm Beach, Florida, for their roles in a $233 million Affordable Care Act fraud scheme.
They targeted vulnerable individuals, including the homeless and people with mental health issues, to enroll them in subsidized ACA plans they did not qualify for.
Sentencing is scheduled for February 4, 2026.