Career Fraudster, Operator Of Massive No-Fault Scheme, Sentenced To 25 Years

Preet Bharara, the United States Attorney for the Southern District of New York, announced that Michael Danilovich was sentenced today to 25 years in prison in connection with his conviction for 16 counts of racketeering conspiracy, securities fraud, health care fraud, mail fraud, wire fraud, and money laundering charges following a five-week jury trial. The jury convicted Danilovich of racketeering arising out of his operation, from 2007 through 2012, of the largest single no-fault automobile insurance fraud scheme ever charged; his operation, from 2007 to 2009, of two investment fraud schemes, Lyons Ward & Associates and the Rockford Group; and his attempted operation, from 2011 to 2012, of a third investment fraud scheme, Baron & Caplan Association, including after he was arrested and released on bail in this case.