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Two Executives Get 20 Years for $233 Million ACA Enrollment Fraud

Prosecutors said they exploited ACA subsidy gaps by enrolling vulnerable people in subsidized plans to generate commissions.

Overview

  • Cory Lloyd of Florida and Steven Strong of Texas were each sentenced to 20 years in federal prison and ordered to pay $180.6 million in restitution after November 2025 convictions for conspiracy and wire fraud.
  • Court records show the scheme sought more than $233 million in fraudulent subsidies, with at least $180 million paid out by the federal government.
  • Trial evidence showed false applications, bribes, deceptive sales scripts and mass Medicaid-denial filings used to bypass verification and enroll people outside open enrollment.
  • Victims included people experiencing homelessness, unemployment and mental health or substance use disorders, and some lost access to necessary treatments or existing Medicaid coverage; texts showed plans to send recruiters into hurricane shelters.
  • Proceeds funded luxury purchases including a Florida Keys home, an 80-foot yacht and a Tesla; a third participant, Dafud Iza, received 35 months, and DOJ officials told Fox News an estimated 35,000 people were fraudulently enrolled.