Fact-check · Sep 22, 2026 · JD Vance
“Targeted tens of thousands of Americans in a $233,000,000 scheme”
TRUE
What the record shows
DOJ court documents confirm Lloyd and Strong sought over $233 million in fraudulent ACA subsidies, with federal government paying at least $180 million. Approximately 35,000 individuals were fraudulently enrolled.
Sources
- Stuart insurance broker sentenced in $233 million ACA fraud scheme | WQCS
- President of insurance brokerage firm and CEO of marketing company convicted in $233M Affordable Care Act enrollment fraud scheme | Internal Revenue Service
- Office of Public Affairs | President of Insurance Brokerage Firm and CEO of Marketing Company Sentenced in $233M Affordable Care Act Enrollment Fraud Scheme that Preyed on Vulnerable Consumers | United States Department of Justice
- Stuart insurance broker sentenced in $233 million ACA ...
- President of insurance brokerage firm and CEO of marketing company sentenced in $233m Affordable Care Act enrollment fraud scheme that preyed on vulnerable consumers | Internal Revenue Service
- Two Insurance Executives Found Guilty of ACA Enrollment Fraud
From: Vice President JD Vance Holds Press Conference on Fraud
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