Near North Insurance, Former AccountantIndicted A federal grand jury that earlier indicted thehead of the Chicago-based insurance brokerage firm Near North hasadded fraud charges against the broker itself and the firmsone-time accountant.
The June 12 superceding indictment names Near North InsuranceBrokerage Inc., a subsidiary of Near North National Group; DanielE. Watkins, a former Near North accountant; and Michael Segal, theformer chief executive officer.
The charges follow the January arrest of Mr. Segal, who is thecompanys founder and former head. He is accused of misappropriatingmillions 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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