A former vice president of a suburban St. Louis title insurance agency pleaded guilty to mail fraud in November and now has been sentenced to six years in prison, according to the Associated Press.
Thomas Kurzenberger Jr., used his customers’ escrow deposits to support his drug habit. The U.S. attorney’s offices said the fraud conviction involved $5.7 million in mortgage funds from customers. Kurzenberger also spent roughly $162,000 of customers’ money at an adult night club in Sauget.
Senior Judge Stephen Limbaugh Jr. sentenced Kurzenberger, 37, of Ballwin, to six years on one felony count of mail fraud, and ordered him to pay $5.7 million in restitution.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Preparing for an AI Native Future 
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says 
