Ontario wholesale broker Ian Stuart extradited to New York

The United States Attorney for the Southern District of New York has announced that Ian Stuart is now in custody in New York and faces wire fraud and mail fraud charges related to a US$7-million insurance policy scheme.
Stuart was extradited to the United States on Mar.15, 2007, after being held in custody in Ontario since May 2006, when an Ontario Superior Court justice denied Stuart bail pending the outcome of Stuarts extradition hearing in Ontario.
In a press release, the New York attorney generals office says it pressed charges against Stuart following an investigation of a scheme in which a person held himself out to New York insurance brokers as a wholesale insurance broker able to place insurance coverage without being registered — as required by New York law — and falsely held himself out to be an authorized agent for various insurance companies or entities, including underwriters at Lloyds of London, Great American Insurance Co., Mount Vernon Fire Insurance Company, Indian Harbor, Colony Insurance, Tower Insurance, Travelers Insurance, Houston Casualty, Essex Insurance Company, and Markel Insurance.
The allegations contained in the attorney generals indictment have not been proven in court. When contacted earlier about the extradition, Stuarts lawyer at the extradition hearing in Canada, Steven G.R. MacMillan, declined any comment on the case.