$233M OBAMACARE FRAUD: EXECUTIVES HIT WITH 20-YEAR PRISON SENTENCES
Two executives have been sentenced to 20 years in prison for running a massive $233 million Obamacare fraud scheme.Cory Lloyd, 46, and Steven Strong, 42, used the illegal profits to buy luxury vehicles, an 80-foot yacht, and an oceanfront home in the Florida Keys, according to Justice Department officials.The scheme involved falsifying government forms to secure coverage for individuals and bribing or misleading potential enrollees to sign up for plansโeven when it would cost them their existing insurance coverage.Authorities say this conviction is one of the largest fraud cases tied to the Affordable Care Act, highlighting the governmentโs commitment to cracking down on large-scale healthcare scams.