A former Texas insurance salesman must pay more than $9 million in restitution for a healthcare Ponzi scheme he ran from his Dallas-based business.
Robert Hague-Rogers, 76, of Frisco, Texas, received a 10-year federal prison sentence along with the restitution order for stealing from his business’s employee benefit fund, then running a Ponzi scheme while on pre-trial release.
Authorities arrested Hague-Rogers in April 2011 and he was indicted in February 2011.
He pleaded guilty to one count of embezzling from an employee benefit plan and one count of health care fraud. Hague-Rogers made unauthorized loans against employee-sponsored health plans, transferred funds among accounts and used money for personal expenses.
Hague-Rogers owned and operated HR Financial Services and HR Sales and Marketing, which both sold and marketed insurance products
Former Texas insurance salesman must pay $9.3M for health care fraud via IFAwebnews .
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