Near North Insurance, Former Accountant Indicted A federal grand jury that earlier indicted the head of the Chicago-based insurance brokerage firm Near North has added fraud charges against the broker itself and the firms one-time accountant.
The June 12 superceding indictment names Near North Insurance Brokerage Inc., a subsidiary of Near North National Group; Daniel E. Watkins, a former Near North accountant; and Michael Segal, the former chief executive officer.
The charges follow the January arrest of Mr. Segal, who is the companys founder and former head. He is accused of misappropriating millions of dollars from the firms premium trust fund account (PFTA) over a 12-year period for his own and company use.
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