A former Idaho insurance agent pled guilty to insurance fraud for backdating a policy.
Stetzen Bailey, of Heyburn, a former Farm Bureau Insurance agent, pled guilty to one felony count of insurance fraud.
An investigation by the Idaho Department of Insurance’s Fraud Unit reportedly found that Bailey knowingly backdated an insurance policy on a 2018 Bombardier snowmobile belonging to a family member. At the time Bailey created the policy, the snowmobile had already been damaged in a collision, according to the DOI.
The department said the Farm Bureau Insurance paid out more than $7,000 before the fraud was uncovered.
Bailey was sentenced in Cassia County District Court to a sentence of five years, consisting of two years fixed plus three years indeterminate, a suspended sentence in favor of three years of supervised probation, completion of 10 days on the sheriff’s work detail, completion of 40 hours of community service and payment of fines and restitution.
Topics Agencies
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