( November 30, 2023, 9:34 AM EST) -- RALEIGH, N.C. — A North Carolina federal judge issued an order finding a former chief investment officer (CIO) liable and ordering him to pay $75,000 to insolvent insurers in a $1 billion Racketeer Influenced and Corrupt Organizations (RICO) Act suit accusing him, the owner of the insurers and other individuals and affiliated companies of participating in a scheme to defraud the insurers and their policyholders by using policyholder money to purchase non-insurance companies and to divert policyholder money to the owner....