A former Tennessee Farmers Mutual Insurance Co., employee accused of stealing $2.4 million pleaded guilty in federal court in Greeneville, Tenn.
Court records show Mickey R. Kendrick pleaded guilty to one count of embezzlement by an agent or employee of an insurance business affecting interstate commerce.
He faces up to 10 years in prison and a fine of up to $250,000 when he is sentenced May 19.
Tennessee Farmers Mutual Insurance Co. employed Kendrick from 1983 until he was fired in 2006. He worked at the district claims office in the Greene County community of Chuckey.
Kendrick was authorized to write checks to pay claims. Federal officials allege from 2000-2006 he issued nearly 400 checks for fictitious payments on claim files to embezzle funds from the company.
Information from: The Knoxville News Sentinel,
http://www.knoxnews.com
Was this article valuable?
Here are more articles you may enjoy.
Archdiocese of NY Finalizes $800M Fund for Sex Abuse Survivors; Avoids Bankruptcy 
Oil Falls as Trump Signals Restraint on Iran Despite Fresh Shipping Attacks 
New Florida Property-Tax Cut May Bring an Unwanted Side Effect 
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement 
