The now-defunct Near North insurance brokerage has been fined$1.4 million in connection with the embezzlement activities of itsformer chief executive officer.
U.S. District Court Judge Ruben Castillo in Chicago imposed thefine on what was once one of the nation's premier brokerageoperations.
The firm was convicted last year of 7 counts each of mail andinsurance fraud related to the more than $20 million embezzled fromthe company's premium trust fund by Michael Segal, its onetimeCEO.
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