A former insurance agent in North Dakota on Aug. 24 pled guilty to wire fraud, according to the U.S. Attorney’s Office for North Dakota.
U.S. Attorney Timothy Q. Purdon announced that on Alan R. Henning, 58, of Minot, N.D., pled guilty to three counts of wire fraud.
From January 2004 through November 2010 Henning was employed as an insurance agent and general business manager with West McLean County Mutual Insurance Co. in Minot. Henning used his position to divert funds from incoming premiums, created false or fraudulent policy claims and received unauthorized loans against company owned certificates of deposit. He would then wire the funds to various individuals located in China, South Africa, Malaysia, Greece and the United Kingdom.
The statutory maximum penalty for each count of wire fraud is 30 years in federal prison and a $1,000,000 fine.
Henning’s sentencing has been scheduled for Nov. 21.
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
Allstate Reports $731M in Q1 Pretax Catastrophe Losses 
How California’s Huge Raises for Fast-Food Workers Will Ripple Across Industries 
Why New York’s Attorney General Objects to Trump’s Bond Insurer 
