The Kentucky Office of Insurance Fraud Division arrested a Somerset, Ky., insurance agent last month following an indictment on 11 felony counts of insurance fraud and four felony counts of possession of a forged instrument.
James Garner Sadler, 57, of Sadler and Sadler Insurance, allegedly took more than $17,000 from clients in Pulaski, Russell and Garrard counties for premiums on life, health and Medicare supplement insurance and did not purchase the coverage.
According to court documents, Sadler used the money for his own personal purposes and to pay partial premiums for other clients. His agent license is currently under review by the Kentucky Office of Insurance.
If found guilty, Sadler faces a maximum sentence of 20 years in prison and/or a $150,000 fine.
Source: Kentucky Office of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
California AG Opposing Oil Pipeline Special Permit to Waive Safety Regulation 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
