Kentucky Businessman Charged for $53 Million Tax Evasion Scheme and Other Fraudulent Schemes Totaling Over $100 Million – US Attorney News – 1 October 2012 – All Three Defendants Charged for Massive Insurance Fraud Scheme

Preet Bharara, the United States Attorney for the Southern District of New York, Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (“SIGTARP”), Mary Galligan, the Acting Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation, José A. Gonzalez, the Special Agent-in-Charge of the Miami Field Office of the Internal Revenue Service, Criminal Investigation Division (“IRS-CI”), Benjamin Lawsky, the Superintendent of the New York State Department of Financial Services, James T. Hayes, Jr., the Special Agent-in-Charge the New York Field Office of the U.S. Immigration and Customs Enforcement’s (“ICE”) Homeland Security Investigations (“HSI”), and Jon T. Rymer, Inspector General of the Federal Deposit Insurance Corporation (“FDIC-OIG”), announced today the unsealing of a 13-count Indictment charging WILBUR ANTHONY HUFF, a Kentucky businessman, and MATTHEW L. MORRIS, the former Senior Vice President of Park Avenue Bank, with conspiracy to commit bank bribery, bank and insurance fraud, and theft of $2.3 million from a publicly traded company.
HUFF, who is also charged with tax evasion, is alleged to have participated in a variety of fraudulent schemes involving over $100 million. ALLEN REICHMAN, the former Executive Director of Investments at an investment bank and financial services company, is also charged in the insurance fraud scheme, a scheme that left an Oklahoma-based insurance company in receivership.

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