Things like expensive homes, private jets, and condos on the coast are more often associated with celebrities than they are with insurance executives, except in the case of John Goff. Formerly the President and CEO of the Goff Group, he now faces a number of years in prison — a far cry from his previously lavish lifestyle and $1 million annual salary.

The Goff Group, based in Montgomery, Ala., supplied workers’ compensation insurance to a number of businesses in the Southeast. One of these companies was XL America, whose premiums Goff stopped paying in order to fund his own lifestyle. In total, Goff withheld about $4 million in premiums from two subsidiaries of XL America: XL Specialty Insurance and Greenwich Insurance Co.

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