A Missouri insurance agent has been sentenced to prison for fraud following an investigation by the McDonald County Sheriff’s Office and the Missouri Department of Insurance, Financial Institutions & Professional Registration (DIFP).
Southwest Missouri insurance producer Brandon Gene Francisco was convicted of felony insurance fraud in the business of insurance, sentenced to seven years’ incarceration and ordered to pay $16,960 in restitution. He was sentenced on May 23 in McDonald County Circuit Court.
Francisco pleaded guilty to deceiving a client by taking her money but not securing the insurance he promised.
After receiving consumer tips against Francisco, the department’s Consumer Affairs Division conducted a thorough investigation and on June 7, 2016, the director filed a lawsuit to discipline Francisco’s insurance license for violating Missouri’s insurance laws.
The department previously fined Francisco in 2012 for similar violations.
Source: The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP)
Was this article valuable?
Here are more articles you may enjoy.
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
Viewpoint: The Danger of Relying on the Insurance of Others 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Ben & Jerry’s Co-Founder Says Brand Being ‘Destroyed’ by Magnum 
