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Judge: NC insurance mogul defrauded companies he invested in

May. 19, 2022 15:42 PM EDT

RALEIGH, N.C. (AP) — A North Carolina insurance magnate must give up control of his private companies to comply with a 2019 agreement to ensure several insurers within his business empire are paid over $1 billion, a state judge has ruled. Ruling in a civil lawsuit from which he...