The Missouri Department of Insurance has refused to issue an insurance producer license to Rochelle K. Whatley of Kansas City due to a felony conviction involving dishonesty and fraudulent conduct.
On March 23,2005, Whatley applied for license with the department as an insurance producer. Whatley provided to the department a narrative statement regarding her criminal background with a copy of an indictment, showing she was convicted of conspiracy to commit wire fraud and money laundering in 1996.
The charges related to a telemarketing scheme conducted by the applicant and others from St. Joseph, Mo., to obtain funds for a “Say No to Drugs” campaign by promising mostly elderly individuals a valuable gift with very little actual value. Whatley was sentenced to 63 months in a federal penitentiary with three years supervised release and restitution in the amount of $220,908. On January 19, 2005, the applicant was discharged from supervision.
Missouri statues allow the director of the insurance department to refuse to issue a producer license if an applicant has been convicted of a felony or crime involving corrupt actions or practices, or if the applicant has used fraudulent practices or demonstrated incompetence in conducting business in the state of Missouri or elsewhere.
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