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.
Wrong-Way AI Trade Costs Florida Stock-Picker $50 Billion 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Read 14-Point Draft Memorandum of Understanding Between the US and Iran 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
