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$40M Fraud: Fairfield County Business Owner Admits To Scam, Could 30 Years In Prison, Sdny Says
A "brazen" insurance company owner from Fairfield County admitted to $40 million of insurance fraud that paid for expenses relating to boating, luxury cars, and golf, officials say.
In a New York federal court, Anthony Riccardi, of New Canaan, pleaded guilty to conspiracy to commit wire fraud and bank fraud on Tuesday, Feb. 21, according to the office of the United States Attorney for the Southern District of New York.
Riccardi, the 50-percent co-owner and executive vice president of Employee Benefit Solutions LLC, a Connecticut insurance firm, was …
