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Mr. Dwayne Samuels

Wrong Dwayne Samuels?

President

Vanguarde Asset Group
 
Background

Employment History

  • President
    Vanguard Asset Group Inc.
  • Vice President
    Fidelity Group Inc.
10 Total References
Web References
GoUpstate.com: An online service of the Spartanburg Herald-Journal
www.goupstate.com [cached]
In 2000, Dwayne Samuels, the president of Vanguarde Asset Group, pleaded guilty in United States District Court in Brooklyn to health care fraud and was subsequently barred for life by the Department of Labor from having any dealings with employer benefit plans.He had been charged with embezzling $8 million from a phony union; Mr. Samuels was the former vice president of Fidelity Group Inc., which had provided third party administrative services to the union, according to a semiannual report to Congress by the Department of Labor's office of inspector general.Yet in 2002, Mr. Samuels was apparently back in business, named by the Florida Department of Financial Services in the cease-and-desist order that shut down Vanguarde in that state.Repeated attempts to contact Mr. Samuels for comment were unsuccessful; the phone numbers listed on the cease-and-desist orders were either disconnected or not in service.
Sarasota, FL - Dwayne ...
www.weva.com [cached]
Sarasota, FL - Dwayne Samuels, the former president of Vanguard Asset Group, Inc., (Lake Success, NY) was sentenced on January 25, 2013 in the U.S. District Court for the Eastern District of New York to three years in prison, to be followed by three years' probation. He was also ordered to make restitution of $250,000, the U.S. Department of Labor confirmed in a March 2013 EBSA Fact Sheet for the case of United States v. Dwayne Samuels.
In May 2012, Samuels had entered a guilty plea to one count of embezzlement in connection with a health care benefit program (18 U.S.C. § 669) and one count of conspiracy to commit bank fraud (18 U.S.C. § 1347).
A federal grand jury had indicted Samuels in 2005 for the embezzlement of premium payments that had been paid to Vanguard for health care coverage and for devising a scheme to defraud clients, including members of WEVA, beginning in 2001. Cease-and-desist orders were issued against Vanguard by state insurance regulators in 2002, a time when undetected schemes had begun to proliferate.
According to the Department of Labor, Samuels falsely represented to several client plans that Vanguard had availed itself of stop-loss insurance to cover large medical claims. Following the 2005 federal indictment, Samuels was rearrested in 2011 on mortgage fraud charges.
The case of United States v. Dwayne Samuels was investigated by the New York Regional Office of the Employee Benefits Security Administration (EBSA) and the Office of the Inspector General of the U.S. Department of Labor. The case was prosecuted by the U.S. Attorney's Office, Eastern District of New York.
WEVA.com - Former Vanguard President Indicted For Embezzlement
www.weva.com [cached]
Sarasota, FL - Dwayne Samuels, the former president of Vanguard Asset Group Inc. (Lake Success, NY), has been indicted by a federal grand jury in New York for embezzlement of health care premiums and for defrauding small business clients to benefit himself, said the U.S. Department of Labor.
Samuels was indicted for embezzlement of payments intended to provide health care coverage and for devising a scheme to defraud members of the Wedding & Event Videographers Association International (WEVA) and the American Financial Management Association Group (AFMA), according to the Labor Department.
Samuels allegedly carried out the fraud by falsely representing to WEVA members that Vanguard carried stop-loss insurance coverage to pay claims in excess of the assets that Vanguard had and by embezzling for his personal use payments made to Vanguard that were intended to provide health-care coverage, the Labor Department said.
News
www.insurancefraud.org [cached]
Dwayne Samuels, 47, of Elmont, who was president of Vanguard Asset Group Inc., was charged with embezzling health insurance premiums and devising a scheme to defraud members of the Wedding & Event Videographers Association and the American Financial Management Association Group, the Labor Department said.
Help prevent insurance fraud in New York
www.preventfraud.org [cached]
Dwayne Samuels, 47, of Elmont, who was president of Vanguard Asset Group Inc., was charged with embezzling health insurance premiums and devising a scheme to defraud members of the Wedding & Event Videographers Association and the American Financial Management Association Group, the Labor Department said.
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