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VOL. 42 | NO. 47 | Friday, November 23, 2018

Springfield businessman sentenced in insurance fraud scheme

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NASHVILLE (AP) — A Tennessee businessman has been sentenced to 14 years in federal prison and ordered to repay millions of dollars in a health insurance fraud scheme.

The U.S. Attorney's Office for the Middle District of Tennessee says 51-year-old Bart Sidney Posey of Springfield was sentenced Tuesday and ordered to pay $6.5 million in restitution.

A prosecutor's office release says Posey pleaded guilty in January and admitted to denying legitimate health insurance claims. It says he also admitted to selling insurance not backed by a legitimate underwriter and embezzling millions of dollars in premiums. It says Posey used the premiums to buy a motorcycle, a sports car and football tickets and to pay off a personal mortgage.

The release says there were more than 17,000 victims of the scheme nationwide.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0