FTC wants Tampa company to refund $100M weeks after CEO’s settlement with SEC


The Federal Trade Commission wants a Tampa-based health insurance technology company to refund customers for $100 million worth of “sham” insurance plans just weeks after its CEO entered a $1 million settlement agreement with the U.S. Securities and Exchange Commission for allegedly defrauding investors.

The FTC also filed for a permanent injunction against Gavin Southwell, the former president and CEO of Benefytt Technologies between 2016 and 2021, and permanently banned him from selling or…

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