A Florida insurance brokerage executive will serve nearly three years in prison for participating in a $133 million ACA fraud scheme, the Palm Beach Post reported Jan. 8.
Dafud Iza, 54, of Florida, previously served as executive vice president at the now-closed Fiorella Insurance Agency. In April. he pleaded guilty to his role in a scheme to submit fraudulent applications to enroll individuals in ACA plans.
The purpose of the scheme was to obtain millions of dollars in commission payments from the insurer that operated the ACA plans, according to the Justice Department. The federal government paid at least $133.9 million in subsidies for fraudulently enrolled beneficiaries.
The DOJ said the scheme involved submitting fraudulent applications for individuals whose incomes did not meet the minimum eligibility requirements for the subsidies. Mr. Iza and his accomplices targeted vulnerable, low-income individuals and used deceptive marketing practices to enroll them in the subsidized plans.
