A former Ohio insurance agent and agency owner has been sentenced for grand theft after pleading guilty to misappropriating more than $58,000 from two clients, the Ohio Department of Insurance announced.
Charles Gabel, of Fremont, was sentenced in the Sandusky County Court of Common Pleas to three years of community control supervision and 100 hours of community service. He also was ordered to pay restitution to his victims.
The Ohio Department of Insurance said Gabel intentionally produced fictitious policy premium invoices to defraud clients for his financial benefit. Gabel stated an audit revealed additional premium payment funds were owed. It was later determined the clients’ accounts were already in good financial standing.
Gabel surrendered his Ohio insurance agent license on Aug. 12, 2015.
Source: Ohio Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill 
Study: AI May Be Tempering Insurer Hiring 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
