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Georgia Insurance Commissioner John Oxendine has ordered a criminal investigation into failed Southeastern U.S. Insurance and its former CEO, comparing the company’s business practices to those of Enron.

“After reviewing financial transactions made by the company, I find no other recourse but to open a criminal investigation into the actions of [Former CEO] M. Clark Fain, III,” Oxendine said, in a release. “I can only compare the bookkeeping methods of the company to those of Enron.”

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