ORLANDO, FL – Jeremy Kee Anderson, 50, of Minnesota, is headed to federal prison for more than twelve years after being sentenced for running a brazen investment fraud that bilked over 200 victims – many of them elderly – out of over $10.3 million. U.S. District Judge Paul Byron handed down the 12 years and 7 months sentence on May 14th, following Anderson’s guilty plea on February 26, 2021, to charges of conspiracy to commit mail and wire fraud, and mail and wire fraud itself.
Anderson, founder and principal owner of Tri-Med Corporation, operated a scheme built on the illusion of safe investments in medical receivables. Tri-Med allegedly purchased these receivables – bills from accident victims represented by personal injury attorneys – promising returns funded by insurance payouts or litigation settlements. The system hinged on “Letters of Protection,” agreements between patients, lawyers, and medical providers guaranteeing payment from future settlements. Anderson and his crew pitched this to investors as a low-risk opportunity, claiming funds would be held in a secure trust account managed by an attorney.
The reality was a far cry from the promises made. While Anderson and his conspirators raised over $17 million from investors, only approximately $2.7 million ever saw the inside of the attorney’s trust account. The bulk of the money – over $6.5 million – vanished into the pockets of Anderson, his salespeople, and other operators, used for personal gain and business expenses. Another $2.3 million was distributed as fake “interest payments” designed to lull investors into a false sense of security. Crucially, Tri-Med didn’t actually purchase enough medical receivables to cover the investments, so Anderson fabricated “Assignment of Interest Certificates” to create the *appearance* of legitimate backing.
The scheme unraveled, leaving more than 200 victims reeling from a collective loss exceeding $10.3 million. This wasn’t a case of bad business; it was calculated deception preying on the trust and life savings of vulnerable individuals. The Secret Service, leading the investigation, uncovered a pattern of lies and misdirection designed to enrich Anderson at the expense of his investors. The U.S. Attorney’s Office successfully prosecuted the case, bringing Anderson to justice.
Anderson isn’t the only one facing consequences. Three other individuals involved in the conspiracy have already been sentenced to federal prison. Anthony Nicholas, Jr., 63, of Hudson, received 11 years and 3 months. Eric Ager, 78, and Irwin Ager, 84, both of Orlando, each received 24 months’ imprisonment. This highlights the collaborative effort to dismantle the entire fraudulent operation.
“The Secret Service, along with our many law enforcement partners, including the Florida Office of Financial Regulation, remains committed to bringing fraudsters such as Anderson to justice,” stated U.S. Secret Service Special Agent in Charge Caroline O’Brien Buster. The case serves as a stark warning: those who prey on the vulnerable will be held accountable, and the Secret Service will continue to pursue these criminals relentlessly.”
Related Federal Cases
- Harold Bennie Kaeding, COVID Relief Program Fraud, MN 2024 · Minnesota
- Amin Suliaman, COVID-19 Loan Fraud, Colorado 2024 · Minnesota
- Anthony Eugene Moulder, Mail Fraud, Minneapolis MN, 2024 · Oregon
- Gary Richard Vibbard, Mail Fraud, Minnesota 2013 · New Mexico
- Craig Lee Workman, Tax Refund Fraud, Florida 2010-12 · Washington
Key Facts
- Agency: U.S. Secret Service
- Category: Fraud & Financial Crimes
- Source: Official Press Release
Get the grimiest stories delivered weekly. Subscribe free
Browse More
