A South Carolina attorney, known as a leader in setting up captive insurance programs and head of Hamilton Captive Management, has now pleaded guilty to helping Jeff and Paulette Carpoff hide millions of dollars from their fraudulent gains. Strauss then improperly distributed much of the money to criminal defense attorneys, bankruptcy lawyers and to the Carpoff’s own captive insurance firm, the prosecutor said. Strauss, who earned his law degree at New England School of Law, is the author of a number of books on captive insurance. His clients, the Carpoffs, gained nationwide fame when they were arrested then found guilty of perpetuating the alleged Ponzi scheme. Topics Leadership South Carolina

Source: Forbes February 12, 2024 16:27 UTC