Insurance company chief indicted for embezzlement | Arkansas Blog

Insurance company chief indicted for embezzlement

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The U.S. attorney's office has announced that John Mathis Lile III, 55, of Little Rock, former head of Cosmpolitan Life and Advanced Insurance Brokerage of America has been indicted on two counts of embezzlement for using a company credit card for $300,000 worth of personal expenses over a three-year period. The companies managed self-insurance health plans for small businesses.

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