NASHVILLE, Tenn.June 28 2013– A mid-state businessman, his wife, and two others have been charged in a 57-count indictment that accuses them in a national health care scheme that defrauded thousands of victims.On Wednesday, a federal grand jury in Nashville indicted 46-year-old Bart Posey, and his wife, 46-year-old Angela Posey, both of Springfield; along with 50-year-old William M. Worthy II, , of Isle of Palms, South Carolina; and 65-year-old Richard Hall Bachman, of Austin, Texas. Officials said the four were involved in a national health care scheme that defrauded more than 17,000 victims of more than $28-million in health benefit plan premiums.
The indictment includes charges of conspiracy, wire and mail fraud, embezzlement from a health care benefit plan, and money laundering.
Bart and Angela Posey were the owners and operators of Smart Data Solutions, LLC and other related entities, operating out of Springfield, Tennessee. Richard Bachman was a business associate of Bart and Angela Posey and Vice-President of Smart Data Solutions. William Worthy promoted himself as an insurance consultant and representative of Beema/Serve America, a foreign insurance entity.
During a 2011 interview with NewsChannel 5 reporter Nick Beres, Posey denied he took anyone's money. Their office was raided and shut down in 2010.
State insurance regulators liquidated all of Posey's business assets to help payback policy holders across the country.
source-newschannel5