American Heartland Healthcare Administrators

$13.7 m award against perpetrators of offshore reinsurance scam

October 5, 2006

A $13.7 million damages award has been entered in a civil action in the United States against defendants from the United Kingdom, the Bahamas and Cyprus who committed a massive health insurance fraud using sham offshore reinsurers.

Court dismisses offshore insurance fraud indictment

November 4, 2005

A United States federal judge has dismissed a criminal indictment against all eight defendants who were accused of using several offshore reinsurers to commit a $45 million fraud.All 54 counts of conspiracy, fraud and money laundering against Michael Arthur Reeve,

Judge Lynn Hughes dismisses offshore insurance fraud indictment

November 4, 2005

A United States federal judge has dismissed a criminal indictment against all eight defendants who were accused of using several offshore reinsurers to commit a $45 million fraud.All 54 counts of conspiracy, fraud and money laundering against Michael Arthur Reeve,

U.S. to seek extradition of two British nationals in alleged offshore reinsurance scam

March 31, 2004

Several offshore reinsurers have been implicated in an alleged $45 million health insurance scam in the United States. The reinsurers, formed in Aruba, Belgium, the Cook Islands, Cyprus, and Ireland, have allegedly failed to pay claims to small businesses and