insurance agent fraud News

North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme

A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty of orchestrating a $400,000 fraudulent loan scheme involving insurance premiums, according to the U.S. Attorney for the Western District of …

Louisiana Says Agent Took Premiums but Didn’t Place Insurance

A Lafayette Parish, Louisiana, insurance producer has been issued a cease and desist order, a license revocation, summary suspension and a fine for allegedly misappropriating premium funds, according to the Louisiana Department of Insurance (LDI). Matthew Sias, a property/casualty producer …

Former Texas Insurance Agent Sentenced to 14 Years in Prison

Lynn “Skipper” Strickland of Parker County, Texas, a former insurance agent who sold policies while claiming his license was still in effect, has been sentenced to 14 years in state prison for fraud, state insurance regulators reported. From 2014 through …

Former Ohio Insurance Agent Gets 9 Years in Prison for $1.1M Theft from Clients

A former Ohio insurance agent has been sentenced to nine years in prison for stealing more than $1.1 million from clients, according to the Ohio Department of Insurance. The ODI said Gregory Oliver, of Milford, Ohio, was sentenced on July …

Idaho Falls Agent Pleads Guilty to Insurance Fraud

Idaho insurance agent Misty A. Adams was taken into custody this week after being sentenced for insurance fraud. A licensed insurance producer from Idaho Falls, Adams, 45, reportedly backdated her son’s auto insurance policy after he was involved in a …

Former Iowa Agent Sentenced to Federal Prison for Fraud

A Muscatine, Iowa, insurance agent has been sentenced to 18 months in federal prison for wire and mail fraud. Federal prosecutors for Iowa said that Ashley Erin Murphy Schneider, 37, was sentenced Thursday in Davenport’s federal courthouse after pleading guilty …

Wisconsin Insurance Agent Loses License, Must Pay Nearly $800K

An insurance agent in Wisconsin has had his license revoked and ordered to pay nearly $800,000 in penalties and restitution after being found in violation of insurance laws in the state. The former insurance agent, Barry Rumpel, may no longer …

Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme

Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of insurance fraud and conducting a “Ponzi” scheme targeting elderly consumers. The Ohio Department of Insurance reported that John Gregory Schmidt …

1 Current and 1 Former Iowa Insurance Agent Charged in Fraud Case

A current insurance agent in Iowa and a former one have been charged in connection with a fraud investigation in which another agent was previously charged. Insurance agent Cursta Lena Williams of Davenport, and former insurance agent Whitney Michelle Roth …

Unlicensed California Agent Allegedly Steals $174K in Premiums

Connie Free, 34, of Moreno Valley, Calif., is scheduled to be arraigned today on 18 felony counts including grand theft and forgery after allegedly stealing at least $174,000 in insurance premiums from seven different victims. The former insurance agent allegedly …