New Charges Brought Against Indicted Businessman

BALTIMORE (AP) -- New charges have been brought against a Maryland businessman accused to Delaware insurance regulators.

A federal grand jury in Baltimore on Tuesday returned a superseding indictment against 39-year-old Jeffrey Cohen of Reisterstown. It charges Cohen with wire fraud and money laundering.

Cohen is the founder and former CEO of Indemnity Insurance Corp., which specializes in insuring nightclubs and bars. According to the 12-count indictment, Cohen falsely represented the financial status of entities he controlled to fraudulently obtain more than $100 million in insurance premiums.

Cohen was charged with lying to Delaware insurance regulators in the original indictment. He remains in federal custody.