The Ohio Department of Insurance announced that former Warren insurance agent Timothy J. Mulvey has been sentenced on charges of stealing clients’ premium payments.
The Trumbull County Court of Common Pleas sentenced Mulvey to five years of community control, 17 months of suspended prison time, 60 days in the Warren Alternative Sentencing Program and to pay restitution in the amount of $52,325.46.
The department said its investigation found that Mulvey, owner of Mulvey Insurance Agency, failed to forward multiple premiums payments from his clients to the insurance companies. Mulvey instead kept the money for his personal use.
Mulvey surrendered his Ohio insurance agent and the Mulvey Insurance Agency licenses in April 2013.
Source: Ohio Department of Insurance