Local couple, 2 others charged in health care benefits scheme - WKRN News 2

Local couple, 2 others charged in health care benefits scheme

Posted: Updated: June 27, 2013 11:12 AM CDT

A grand jury in Nashville has indicted four people including two Robertson County residents for their roles in a national health care scheme that defrauded more than 17,000 victims of more than $28 million in health benefit plan premiums.

Bart Posey, Sr., 46, and Angela Posey, 46, both of Springfield, William Worthy, 50, of Isle of Palms, South Carolina, and Richard Bachman, 65, of Austin, Texas, were indicted Wednesday.

They face a 57-count indictment which alleges conspiracy, wire and mail fraud, embezzlement and money laundering.

According to a release from U.S. Attorney David Rivera, Bart and Angela Posey were the owners and operators of Springfield-based Smart Data Solutions, LLC.

Bachman was a business associate of the Poseys and vice president of Smart Data Solutions.  Worthy promoted himself as an insurance consultant and representative of Serve America, a foreign insurance entity.

The indictment alleges that Serve America, a "shell" company, was promoted as the underwriter for insurance policies sold to the public, however, the company was not licensed to operate in any state.

If convicted, the defendants face up to 20 years in prison on the wire and mail fraud counts, 10 years in prison on the health care embezzlement and money laundering counts, five years in prison on the conspiracy counts, and a $250,000 fine per count.

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