Shawn Edwin Linger, of Fairmont, W.Va. has pleaded guilty to one felony count of embezzlement, according to Insurance Commissioner Jane L. Cline.
Linger admitted to taking more than $18,000 in premium payments made to his employer, Jim Lively Insurance, Inc. of Clarksburg. The premium payments that represented numerous policy holders were replaced by Jim Lively Insurance Inc. so that no individual policy holder suffered losses.
Linger faces one to 10 years in prison and a fine of up to $2,500. Sentencing is set for June 29.
Investigation and prosecution in this case has been a joint effort with Harrison County Prosecutor’s Office and the Offices of the Insurance Commissioner.
Source: W.Va. Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says
Marsh Sues More Former Employees Over ‘Scheme’ to Open Howden US 

