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FTC: 'Sham' insurer siphoned millions

Nov 06, 2018 - South Florida Sun-Sentinel

Newly released documents in the Federal Trade Commission's effort to permanently close what it called a "sham" health insurance marketer assert that the company's owner diverted millions of dollars from the operation for his own use.

The Hollywood-based operation, conducted under numerous names including Simple Health Plans LLC, is owned by Steven J. Dorfman, according to the FTC.

The commission is accusing the company of marketing health-care discount plans as comprehensive insuranc...