Doctors allege insurance plan is part of nationwide theft and fraud ring

After turning over nearly $400,000 to buy what they thought was an ERISA employee welfare benefit plan, two Virginia doctors believe they were the victims of an elaborate nationwide theft ring and are suing to get their money back... The doctors allege the insurance plans have conned at least 500 people out of more than $300 million.

...The defendants named in the suit are Glenn Arons, The Millennium Multiple Employer Welfare Benefit Plan, Millennium Marketing Group LLC, Innovus Financial Solutions Inc., Norman H. Bevan, Jonathan Cocks, Scott Ridge, Republic Bank and Trust, Secureplan Administrators LLC, Milliman Inc., American General Life Insurance Company and The Guardian Life Insurance Company of America...

Record: Doctors allege insurance plan is part of nationwide theft and fraud ring