2 Nebraska Agents Sentenced

February 16, 2010

Two insurance agents in Nebraska have been handed sentences for unlawful conduct, the Nebraska Department of Insurance reported.

A previously licensed insurance agent, Bobby L. Hoeft, sentenced by District Court Judge Vicky Johnson in Fillmore County District Court to a prison term of two to four years and ordered restitution in the amount of $136,345 to the Fairmont Insurance Agency.

Hoeft, who initially was charged with insurance fraud, subsequently pled guilty to an amended charge of misappropriation of property, a Class III felony. Hoeft admitted he misappropriated at least $136,345 as a result of his actions while operating Fairmont Insurance Agency.

Hoeft has reimbursed Fairmont Insurance Agency $108,918.88 and still owes $27,426.12.

David H. Andersen, an ex-insurance agent, was sentenced for theft by unlawful taking by Judge John A. Colborn in Lancaster County District Court.

Andersen was ordered to reimburse the court for the costs of prosecution and was remanded to the custody of the Nebraska Department of Corrections to serve a three to five-year sentence.

Andersen pled guilty to theft after gaining the trust of an elderly client and defrauding her of nearly $300,000.

Source: Nebraska Department of Insurance

Was this article valuable?

Here are more articles you may enjoy.