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Maryland businessman seeks to undo guilty plea

Maryland businessman seeks to undo guilty plea

A former insurance executive who was convicted of running a "Ponzi-type fraud" and accused of plotting to kill Delaware's lieutenant governor is trying to withdraw his guilty plea, arguing that prosecutors misled him. Jeffrey B. Cohen, 39, of Reisterstown filed a motion to withdraw his plea on the eve of his sentencing Tuesday. U.S. District Judge William D. Quarles Jr. agreed to postpone sentencing to next month and to hear Cohen's argument. Cohen built his company, Indemnity Insurance Corp., into a major player in bar and nightclub insurance. But prosecutors said he was misleading regulators about company finances and defrauding millions of dollars from clients to...

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