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US applies to freeze $7.8 m at Bermuda Commercial Bank

The United States has applied to seize $7.81 million from two accounts at Bermuda Commercial Bank that are believed to be the proceeds of insurance fraud.It is part of an investigation into the activities of William A. Ledee Jr., who is currently out on bail of $500,000 pending a trial on two separate criminal indictments at federal court in the U. S.