15
A Waterloo, Iowa, insurance agent convicted of fraud has been handed a 15-year prison sentence for bilking elderly clients out of at least $1 million. In sentencing Jack Straw on Sept. 22, U.S. District Judge Linda Reade opted to go beyond the maximum recommended sentence of eight to 10 years. According to the Associated Press, Straw pled guilty in February to seven fraud and money laundering charges. Prosecutors claimed Straw withdrew clients’ funds, forged signatures on documents, and sold land in South Dakota that belonged to a client.
Was this article valuable?
Here are more articles you may enjoy.
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses From This Issue
