Conspiracy grows Murder for insurance ring broken up As many as 24 alleged conspirators could face charges in connection with a massive scheme to murder Guyanese immigrants for insurance money, law-enforcement sources told The New York Post Wednesday. "The conspiracy is extensive. Others, not yet identified . . . participated," Assistant U.S. Attorney John Curran argued in court papers made public yesterday at a bail hearing for one alleged culprit, Ronald Mallay. Mallay, an unemployed Queens man, is accused of recruiting hit men and collecting insurance money as part of the murder-for-hire scheme that sources say targeted at least seven victims - and probably more. Also accused of murder conspiracy is Richard James, a Queens insurance agent who allegedly wrote policies for numerous "customers" who died under suspicious circumstances. Mallay, 57, was denied bail in Brooklyn federal court, where prosecutors revealed the results of a search of his wife Lazina's Queens apartment. Investigators said they found five insurance policies, including $1.5 million in coverage for a man whose occupation is listed as a flea-market clothing salesman - and whom prosecutors have not been able to locate. http://organizedcrime.about.com/library/weekly/aa081502a.htm