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Seguro Medico’s $150K Fine and Guilty Pleas | Minneapolis News
A Minnesota health insurance company, Seguro Medico, and its owner Arthur Walsh face massive legal fallout after being hit with a $150,000 fine for selling misleading, bare-bones plans that left customers thinking they were covered—only to find out they weren’t. Investigators uncovered widespread violations of state insurance laws, including dodging regulations in other states and using unlicensed agents. A federal indictment accused them of a nationwide bait-and-switch scheme from 2018 to 2022, involving wire fraud. The latest twist? On June 5, Walsh and two others pleaded guilty to…
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