Wisconsin Insurance Agent Loses License, Must Pay Nearly $800K

November 14, 2019

  • November 14, 2019 at 11:47 am
    KP says:
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    Why didn’t he get prison time, smh.

  • November 14, 2019 at 1:36 pm
    FFA says:
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    This isnt me.

    • November 14, 2019 at 7:11 pm
      Common Sense says:
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      We know it isn’t FFA. Hope you are staying warm on the frozen tundra.

      • November 15, 2019 at 1:46 pm
        FFA says:
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        That I am. Got the fire place going all day long. Maybe keeping it a little too warm today. The snow and cold did come much earlier then expected. Whom ever keeps yapping about global warming dont live in Wis.

        • November 15, 2019 at 4:04 pm
          sak74 says:
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          So true FFA!!!! I find myself wondering everytime I have to in and out of buildings where the hell is all this global warming because right about now her in WI I would LOVE some warmth……lol

          • November 20, 2019 at 1:28 pm
            FFA says:
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            What part of the state you in?
            I have family up by the ship yards and around Appleton wearing lots of flannel shirts.

  • November 14, 2019 at 1:41 pm
    Jim Backus says:
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    When it is a supposed Insurance Professional, it would be better if much more detail were included in the article, i.e., description of victims (senior citizens, or others), Types of actual unsuitable policies sold, potential penalties for the type of crime, etc….

  • November 14, 2019 at 7:15 pm
    knowall says:
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    bad boy bad boy, whatcha gonna do when they come for you!?

  • November 14, 2019 at 7:39 pm
    Craig Cornell says:
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    This guy is a hack.

    Out here in California, one agent I knew stole $21 million. $7 million from clients. $7 million from making phony premium finance agreements when clients chose to pay in full. $7 million from phony bank loans.

    He owed me $58 thousand. Gone.

    Years in prison: one. (California is REAL tough on white collar crime.)

  • November 18, 2019 at 11:47 am
    jms says:
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    Wells Fargo ripped off 1,000’s of customers & who went to jail? NO ONE!

    • November 19, 2019 at 3:29 pm
      bob says:
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      Ripping off how? High premiums isn’t a jail able offense and shouldn’t be.

      Specifics?

      As for Craig’s comment, yes, he was probably well connected. It probably had less to do with CA laws considering what I have seen there than CA didn’t enforce them due to the guy’s connections.

      The law applies to everyone etc their friends type of thing.

      • November 19, 2019 at 4:02 pm
        Smooth says:
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        Bob – What do you mean by “how”? They opened up fake bank accounts for clients without their knowledge or consent. That is a felony offense in most states. They did so in order to make sales quotas, but also to earn higher commissions on the number of accounts they had open. That’s fraud and someone should have been in jail over it.

        • November 21, 2019 at 3:28 pm
          bob says:
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          I’ll be very clear, how as in explain the scenario. Don’t lecture me. When someone vaguely says Wells Fargo ripped off customers without referencing what I don’t naturally assume a specific event, and even what you just said you have to provide the source. How as in give me the details. I don’t have time for this level of “I must contradict everything Bob says” from liberals, ok? Knock it off.

          • November 22, 2019 at 7:02 pm
            FurriePrincess says:
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            How? Wells Fargo force placed coverage on financed autos and added the premiums to the car loans. Even though the customer had provided evidence of personal auto policies. Wells Fargo did this through their wholly owned agency subsidiary. I believe they agreed in the settlement to refund the premiums back to the borrowers but likely many of them have moved, paid off the loans, sold the cars, and won’t be found to recover the money.

      • November 19, 2019 at 4:26 pm
        Jon says:
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        Thank god for your post, those poor defenseless banks really need a defender. Also the statement “The law applies to everyone” has never been more false than in America right now. The wealthy don’t go to prison, not like the poor. Please note “years in prison: one” for stealing $21M. If you have money, you’re above the law.

        • November 21, 2019 at 3:44 pm
          bob says:
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          Andrew, stop deleting my comments, I’ve been gone for weeks mostly and they have fought more.

          I am not the issue.

  • November 20, 2019 at 10:58 am
    Steve says:
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    Further info https://stockbrokerfraud.com/barry-rumpel/



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