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Fort Lee Insurance Broker From Old Tappan Admits Role In $5.6M Health Insurance Scheme Fort Lee Insurance Broker From Old Tappan Admits Role In $5.6M Health Insurance Scheme
Fort Lee Insurance Broker From Old Tappan Admits Role In $5.6M Health Insurance Scheme A Fort Lee insurance broker who lives in Old Tappan admitted his role Friday in siphoning millions of dollars from Horizon Blue Cross Blue Shield and the United Auto Workers (UAW) Local 2326 Health Care Plan. Lawrence Ackerman, 54, conspired with the former Local 2326 president, Sergio Acosta, to defraud Horizon Blue Cross Blue Shield of $5.6 million by covering 700 to 800 ineligible participants through bogus – or “shell’ – companies, a federal indictment handed up last year charged. Acosta, formerly of Passaic, pleaded guilty to embezzlement charges in April. Ackerman, who acted as …

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by Jerry DeMarco