A Southern California insurance agent has been sentenced to 10 years in prison after pleading guilty to a $2.5 million fraud scheme.
Prosecutors say Anthony Medina, who operated Prompt Insurance Agency in Newport Beach, received the sentence in Superior Court after pleading guilty to 152 felonies.
Medina took money from small business owners between 2003 and 2007 under the pretense of obtaining workers compensation and liability insurance, but instead used the cash to fund a lavish lifestyle that included houses, cars and a boat.
He faces a restitution hearing on Nov. 12.
His wife, Vanessa Cheverri, was previously sentenced to 90 days in jail for her role in the scheme.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
NY Lawmakers Urged to Have Faith in Auto Insurance Reform Numbers. But Do They? 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
