agent fraud News

Former Michigan Insurance Agent Pleads No Contest to Embezzlement Charges

A plea deal has been reached with a former Genesee County, Michigan, insurance agent who allegedly embezzled from her clients and provided them with phony insurance certificates for home and auto insurance, the state’s department of insurance reported. The Michigan …

Iowa Insurance Agent Charged with Fraud

The Iowa Insurance Division reported that insurance agent Christine Wilson, age 43, of Moravia, has been charged with two counts of Fraudulent Submissions (Class D Felony). The charges against Wilson stem from an investigation by the division’s fraud bureau that …

Kansas Insurance Agent Accused of $108K Fraud Scheme

The Kansas Insurance Department (KID) has issued an emergency license suspension for a Smith Center, Kansas, insurance agent following an investigation of a complaint from an insurance company. Trisha A. Wiehl’s insurance license has been suspended after an insurance department …

2 Miami Residents Accused of Conducting $200K in Illegal Insurance Transactions

The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrests of Miami residents Alina Del Prado, 60, and Karla Patricia Figueroa, 40, who are accused of deceptively using unsuspecting licensed insurance representatives’ licenses to defraud Florida …

Michigan Regulators Suspend Licenses of Insurance Agent, Agencies

The Michigan Department of Insurance and Financial Services (DIFS) announced it suspended the insurance licenses of Alia Bahoora and her insurance agencies: Assurity Insurance Agency I, Assurity Insurance Agency II, Assurity Insurance Agency III and Assurity Insurance Agency IV. The …

Feds: Wisconsin Insurance Agent Ran $10M Ponzi Scheme

The U.S. Securities and Exchange Commission is alleging a Watertown, Wis., insurance agent ran a $10 million Ponzi scheme out of his agency, ISC Inc. The SEC filed a securities fraud lawsuit against 69-year-old Loren Holzhueter and one of his …

Former Ohio Insurance Agent Sentenced for Stealing Client Premiums

The Ohio Department of Insurance announced that former Warren insurance agent Timothy J. Mulvey has been sentenced on charges of stealing clients’ premium payments. The Trumbull County Court of Common Pleas sentenced Mulvey to five years of community control, 17 …

Former Oklahoma Insurance Agent Arrested for Fraud

An investigation by the Oklahoma Insurance Department’s Anti-Fraud Unit has led to the arrest of former insurance agent Nathan Sullivan, Jr., 47. Sullivan is accused of defrauding a Weatherford woman out of more than $30,000 and leaving her with a …

Former Oklahoma Insurance Agent Sentenced for Embezzlement

A former insurance agent in Creek County has been sentenced to 120 days in jail for embezzling premium payments from elderly clients, the Oklahoma Insurance Department announced. Donna Laverne Parrick, 50, pleaded guilty to six counts of embezzlement and also …

Ex-Insurance Agent Strikes Plea Deal in Kansas Fraud Case

A former Wichita insurance agent accused of defrauding policyholders has struck a deal with prosecutors for a 42-month prison sentence. Jason Matthew Pennington pleaded guilty on Aug. 5 to two counts of wire fraud and one count of bank fraud. …