Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan.
Hilton pled guilty to one count of pattern of unlawful activity and four counts of unlawful dealing with property by a fiduciary. All are second degree felonies.
Hilton was charged through the Utah Attorney General’s office as a result of an investigation conducted by criminal investigators with the Utah Insurance Department Fraud Division and the Utah Tax Commission.
While working for Bennion Taylor Insurance Agency, Hilton admitted to improperly converting money from agency trust funds to his own personal use without the agency’s knowledge. No policy holders were reportedly affected.
Hilton was ordered to pay $1.3 million in restitution and $3,000 toward the cost of the investigation to the Insurance Fraud Division. Hilton also agreed to pay $154,389 to the Utah Tax Commission for tax liability and assessments.
The Utah Insurance Department is also taking administrative action to revoke Hilton’s insurance producer license. As a result of Hilton’s conviction, he will not be allowed to work in the insurance industry again.
Topics Agencies
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