The president of an insurance brokerage company and the chief executive of a marketing company have been sentenced to 20 years in prison for their roles in a years-long scheme to steal from the Affordable Care Act (ACA) program, according to a Feb. 18 statement from the Department of Justice (DOJ).
The insurance company’s president, Cory Lloyd, 47, of Stuart, Florida, and Arizona Financial Partners CEO Steven Strong, 43, of Mansfield, Texas, engaged in a scheme to obtain more than $233 million in fraudulent ACA plan subsidies, with the government paying out at least $180 million. They were convicted in November 2025.
