" Man Sentenced for $535 Million Surety Bond Fraud Reaching Florida and Beyond"

[Surety Insider]

According to the plea agreement, from 2005 until April 2008 Miller used several corporations to sell fraudulent surety bonds on construction projects throughout the United States. Some of the construction projects were for United States government entities, including the Federal Aviation Administration, the United States Navy, and the Army Corps of Engineers. Miller made it appear that he was issuing the surety bonds in the name of legitimate insurers, including Fidelity National Property and Casualty Company (a division of Fidelity National Financial Incorporated, which is headquartered in Jacksonville). Miller issued bonds with a face value of more than $535 million and received premium payments of more than $22.5 million during the course of the fraud.

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