Insurer’s Liquidator Accuses Insurance Broker, Officers Of RICO Scheme To Defraud

(November 4, 2020, 11:36 AM EST) -- BURLINGTON, Vt. — The liquidator for Global Hawk Insurance Company Risk Retention Group filed a complaint on Oct. 30 in Vermont federal court alleging a Racketeer Influenced and Corrupt Organizations Act scheme to defraud the insurer and policyholders “through misappropriation of its assets and misrepresentation of its financial condition so it could continue in business for their benefit” (Michael S. Pieciak v. Jasbir S. Thandi, et al., No. 20-173, D. Vt.)....

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