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Jury reaches verdict in VBMC insurance fraud case
Posted: 04.30.2010 at 6:43 PM
Sergio Chapa

Sergio is KGBT's Interactive Manager and a reporter for VALLEYCENTRAL.COM.

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A nine-day trial for a fraud case involving the Valley Baptist Health System ended with a jury convicting an insurance broker and finding another innocent.

Both Brent Carter and Mike Swetnam have been on trial before U.S. District Court Judge Keith P. Ellison in Houston since last Monday.

The two men were accused of selling bogus insurance policies  to the Valley Baptist Health System to the tune of $2.38 million dollars from August 2006 to April 2008.

Carter and Swetnam were charged with one count of conspiracy, five counts of mail fraud and three counts of wire fraud.

Closing arguments were heard on the case on Thursday.

A jury came back with their verdict on Friday.

The jury found Carter not guilty on all counts of the indictment but found Swetnam guilty on three counts of mail fraud.

Judge Ellison ordered sentencing for Swetnam for the morning of Wednesday, August 4th.

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