One Senator, Two Crooks, Lots of Charges

Investors claim Florida Democrat Bill Nelson turned a blind eye to a Ponzi scheme when he was the state's insurance commissioner

Did U.S. Senator William Nelson (D-Fla.) allow a $130 million fraud to occur during his tenure as Florida insurance commissioner because of his ties to a corrupt insurance firm? That question is being raised in a class action filed by four Florida investors against the Florida Insurance Dept. They accuse the agency of negligence for failing in the late '90s to shut down a controversial outfit run by campaign contributors to Nelson, the Sunshine State's insurance commissioner at the time.

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