The closing arguments in the federal fraud and racketeering trial of Chicago broker Michael Segal are scheduled to be held today in the U.S. District Court of Northern Illinois. They were originally scheduled for last Thursday but were delayed by scheduling conflicts and the court’s closing in honor of President Reagan.
Testimony in the trial ended May 27. Prosecutors allege that the politically clout-heavy Segal, former owner of Near North Insurance Brokerage Inc., embezzled more than $20 million from the firm’s premium fund trust in order to secure political favors.
Was this article valuable?
Here are more articles you may enjoy.
Roblox Settles With States for $35.8 Million Over Child Safety 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
A 16,000% Problem: Why Workers’ Comp Can’t Get Drug Costs Under Control 
Travelers to Expand Homeowners Insurance Offering in California 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.