By Max Reinhart, MediaNews Group

A Birmingham man accused of insurance fraud has been bound over to stand trial, Michigan Attorney General Dana Nessel announced Tuesday.

Todd Bernstein, 67, waived his preliminary examination and will be tried in the 6th Circuit Court in Pontiac, Nessel said.

He is accused of “submitting misleading information on annuity suitability applications on behalf of his clients, who were over 65, to conceal that new annuities were being purchased with proceeds from early surrendered annuities.”

In July, Nessel filed four counts of insurance fraud against Bernstein. Each is punishable by up to four years in prison, if he’s convicted.

“Consumers must be able to trust financial professionals to act truthfully and in their best interests,” Nessel said when he was

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