3 More Execs Plead Guilty in Ongoing Spitzer Insurance Brokerage Probe

August 4, 2005

  • August 4, 2005 at 2:07 am
    APR says:
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    Does anybody know the sentence or typical sentencing for this type of fraud? Do these people actually get jail time?

  • August 4, 2005 at 3:20 am
    Jim Howse says:
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    Heck no. They write a book.

  • August 5, 2005 at 12:45 pm
    It's called compassion says:
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    When I work on an account, I imagine that the insured is a loved one. These people feed me and my family! Are we so out for ourselves today that we hide the best deals from the insured in order to rip them off and line our own pockets!

  • August 7, 2005 at 10:44 am
    LL says:
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    You are looking at them from an agent’s perspective.
    AIG, Marsh et al looked at them from a bean counter’s perspective.

  • August 8, 2005 at 11:27 am
    Bill says:
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    As employees, they were probably merely doing what they had been told to do to keep their jobs.

  • August 8, 2005 at 2:23 am
    jim Howse says:
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    “Doing what they were told to do to keep their jobs”? Hey that’s what’s wrong with the whole mess top to bottom. Individual integrity is a must. It’s still lying and cheating. No “just following orders sir” allowed here. You do the crime you SHOULD serve the time but most won’t.

  • August 8, 2005 at 4:00 am
    Once Before says:
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    Wanted me to fudge loss runs, white them out actually. Guy was issuing bogus binders, doing a lot of scary stuff. So I left. If it feels wrong, it is wrong.



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