BRIEF: Chicago insurance exec charged with pocketing $13.5 million in scam
Ballard created and submitted falsified estimates, invoices and policies and then diverted the money to a shell company, using it to pay for personal expenses including credit card bills, expensive dinners, travel and real estate, the complaint says.
Ballard is charged with one count of wire fraud, which can bring up to 20 years in prison. His arraignment has not been scheduled.
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