Chad Croner, of Meridian, Idaho was sentenced to one to five years in prison for insurance fraud, according to Attorney General Lawrence Wasden. Fourth District Judge Joel Horton suspended the sentence and ordered Croner to serve 180 days in the county jail and five years probation and to pay Farm Bureau Insurance Company $1,000 in restitution.
Croner was also convicted of bankruptcy fraud in federal court and must serve a 180-day sentence, which will run concurrent to the sentence issued by Judge Horton.
Croner pleaded guilty on Aug. 30, 2004, to one count of insurance fraud, a felony. Croner reportedly presented Farm Bureau Insurance Company with a false claim for reimbursement of $4,690 for flight equipment he claimed had been stolen in a purported burglary.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
D&O Market Expected to Tighten Under Pressure, Says AM Best 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk From This Issue
