Thursday, June 14, 2007

Businessman pleads guilty in insurance fraud case

Wilkes-Barre and Northeastern PA News from the Associated Press | timesleader.com - The Times Leader: "A businessman accused of defrauding an insurance company over flood damage pleaded guilty Thursday to a charge of conspiracy.

Federal prosecutors said Michael Smarto, with the help of another person, submitted artificially overstated bids and invoices to an insurance company for repair work on tools and machinery damaged by flooding triggered by Hurricane Ivan in September 2004."

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