U.S. District Judge Ruben Castillo acquitted former Near North Insurance Brokerage CEO Michael Segal on seven of the 26 federal counts he was convicted of earlier this year, but he upheld the others.
Segal and Chicago-based Near North were convicted in June of racketeering and fraud charges connected to the embezzlement of more than $20 million of the firm’s premium fund trust over a period of 10 years.
Segal faces sentencing Feb. 23 and may get as much as 20 years in prison.
Was this article valuable?
Here are more articles you may enjoy.
JD Power: Homeowners Claims Satisfaction Rises as Repair Times Improve 
AI May Be Tempering Insurer Hiring, New Analysis Shows 
BofA Agrees to Settle Claims It Aided Epstein Sex Crimes 
Meta, Google Pivot in Addiction Trial to Accuser’s Home Life 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.