A Fairfield County, CT man who co-owns an insurance company has admitted to committing a $40 million insurance fraud through his own firm.
The insurance business owner Anthony Riccardi, 46, pleaded guilty to conspiracy to commit wire fraud and bank fraud last week in a New York federal court. Riccardi is the co-owner and manager of Employee Benefit Solutions LLC (EBS). EBS offers a range of healthcare insurance-related services to clients, including third party healthcare claims administration (TPS) services.