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Story summary
- Cory Lloyd and Steven Strong, leaders of a Florida insurance brokerage and marketing firm, were sentenced to 20 years for a $233 million Affordable Care Act (ACA) fraud scheme.
- They targeted vulnerable individuals, the homeless and hurricane-affected residents, to pocket unearned commissions.
- Prosecutors said they circumvented federal safeguards and disrupted healthcare coverage, harming patients.
- The Justice Department noted a 2025 record national takedown charging over $15 billion in alleged losses.
