New Orleans, LA

Texas man pleads guilty for wire fraud

Jean-Baptiste Dickens

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NEW ORLEANS, LA — Joseph Anthony Borino, 64, from Spring Hill, Texas, pleaded guilty in federal court to wire fraud charges in connection with a sham health plan.

Borino was the national marketing director of The Total Financial Group and recruited and trained sales agents for the program, which at its peak had more than 350 employer-clients and 4,400 employee-participants nationwide.

Court documents stated that the Total Financial Group (TTFG) was a Louisiana business incorporated by Denis and Donna Joachim with the Louisiana Secretary of State on or about January 6, 2005. Borino worked with TTFG since 2012 and served as the National Executive Marketing Director for the company.

During his time in the company, Borino was responsible for supervising, training, and instructing TTFG’s regional sales personnel. Borino mainly handled issues agents, prospective clients and client maintenance.

TTFG and its owners, with Borino and others, created and marketed a Medical Reimbursement Account program called “Classic 105”. Classic 105 claimed to be a multiple employer welfare arrangement marketed to employers as a supplemental benefits plan for their employees to reimburse them for medical expenses such as co-pays and deductibles.

According to court documents, TTFG never obtained a single loan or insurance policy for the Classic 105 program, and participants never made any actual contributions. The only money tendered to TTFG by employer-clients and employee-participants were fees. As a result, employee-participants and employer-clients were defrauded into enrolling in and paying fees for the Classic 105 program through deceitful pretenses, representations and promises.

Borino faces a maximum term of imprisonment of three years, a $250,000 fine and one year of supervised release. He is subject to a restitution order for his conduct. Sentencing has been scheduled before Judge Vitter for November 9, 2021.

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