After four days of trial, Jeffrey Brian Cohen, 39, of Reisterstown, Md., pled guilty on June 5 to wire fraud, aggravated identity theft, making false statements to an insurance regulator, and obstruction of justice.

Rod J. Rosenstein, the U.S. Attorney for the District of Maryland, announced the guilty plea, stating, “Jeffrey Cohen carried out a massive fraud scheme for which he finally will be held accountable.”

According to information in his plea agreement, Cohen acted as the president and chairman of the board of a Delaware corporation known as Indemnity Insurance Corporation RRG. Cohen previously controlled a District of Columbia corporation called Indemnity Insurance Corporation of DC, Risk Retention Group (Indemnity-DC), which was a predecessor entity to Indemnity. Both companies were located in Sparks, Md., although they operated in several states, and provided general liability insurance, liquor liability insurance, and excess liability insurance coverage to their customers, including individuals and companies involved in the entertainment industry, such as nightclubs, concert tours, and special events. From 2008 through 2012, Indemnity insured more than 3,000 policyholders and collected more than $100 million in premiums.