The Fraud Investigation Division of the Kentucky Department of Insurance announced a former Lexington insurance agent has been sentenced in Fayette Circuit Court on one felony count of fraudulent insurance acts.
According to court documents, William O. Goebel III, 44, fraudulently submitted applications to an insurance company and collected in excess of $300 in commissions he was not entitled to receive.
He was sentenced to one-year imprisonment, probated for five years. In addition, he was ordered to pay $7,100 in restitution to the company. Goebel was fined $5,000 and will spend 90 days in the Fayette County Detention Center.
Was this article valuable?
Here are more articles you may enjoy.
Bayer Shareholders Keep the Squeeze on CEO Over Roundup Lawsuits 
Commercial Lines Rates Continue to Soften, Says Ivans Index 
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
