The FBI is involved in the investigation of a Grand Island insurance agency suspected in a Ponzi scheme.
An FBI investigator, accompanied by a Nebraska state trooper, visited First Americans Insurance Service on Friday.
Last month, the Nebraska attorney general authorized a state patrol investigation into First Americans and its three principals. The patrol is working with the departments of insurance and banking to piece together how more than $100 million disappeared.
A state patrol spokeswoman says the FBI is also involved.
First Americans filed for Chapter 11 bankruptcy protection on Jan. 12, claiming between $100 million and $500 million in liabilities.
The three principals have agreed to have their insurance licenses revoked.
___
On the Net:
First Americans Insurance Service, http://www.fais.com
Was this article valuable?
Here are more articles you may enjoy.
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
