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Lawrence Ackerman

Police & Fire
Health Insurance Fraud Sentence: Fed Pen, $1M Restitution For Fort Lee Broker From Old Tappan Health Insurance Fraud Sentence: Fed Pen, $1M Restitution For Fort Lee Broker From Old Tappan
Health Insurance Fraud Sentence: Fed Pen, $1M Restitution For Fort Lee Broker From Old Tappan A Fort Lee insurance broker must spend six months in federal prison -- followed by six months of home confinement -- and repay $1 million that was siphoned from a Horizon Blue Cross Blue Shield and the United Auto Workers (UAW) Local 2326 Health Care Plan. Lawrence Ackerman, 55, of Old Tappan originally was indicted by a federal grand jury on charges of conspiring to defraud Horizon Blue Cross Blue Shield of $5.6 million by covering 700 to 800 ineligible participants through bogus – or “shell’ – companies. Ackerman, in turn, pleaded guilty in December 2018 to health care fraud for deliverin…

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by Jerry DeMarco
Police & Fire
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