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Former NFL lineman charged in $50M insurance fraud scheme in California

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(Globalpost/GlobalPost)

SAN DIEGO - A former NFL defensive lineman is among four people charged in San Diego with participating in a $50 million insurance fraud scheme.

U-T San Diego reports (http://bit.ly/18VzBKV) 36-year-old Byron Frisch was charged along with three others with conspiracy to commit mail and wire fraud.

Frisch and others are accused of submitting false information to obtain more than $50 million worth of life insurance policies for unqualified applicants who didn't plan to pay the policy premiums. Authorities say they received more than $1.6 million and the ability to sell the policies to investors.

The four allegedly recruited elderly individuals to apply for purported free life insurance policies with million-dollar death benefits, then submitted applications with false details.

Frisch, a self-employed financial adviser, played for the Dallas Cowboys and the New York Giants.

http://www.globalpost.com/dispatch/news/the-canadian-press/130802/former-nfl-lineman-charged-50m-insurance-fraud-scheme-califo