On the Record
A Wells Fargo advisor in Western New York appealed a 10-day suspension by a FINRA, but found himself hit with an even longer suspension when his appeal was heard.
A former New Jersey insurance broker admitted to conspiring to defraud purchasers of commercial liability insurance by overcharging for policies, as well as issuing some customers bogus policies.
A South Florida attorney was sentenced to 10 years in prison for his role in an $800 million money laundering and fraud conspiracy against now-defunct insurer Mutual Benefits Corp.
A Rockville, Md., man pleaded guilty to a securities fraud charge stemming from operating a Ponzi scheme that resulted in investors losing approximately $25 million that they invested.
A licensed Harford County, Md., insurance agent pleaded guilty to a charge involving a scheme to defraud a life insurance company by filing false claims.
A Nassau County man was sentenced to jail for his part in a scheme to defraud a life insurance company of $410,000 by helping his father fake his own death in the ocean off Jones Beach in July 2012.
A former Danville, Va., insurance agent has been sentenced to jail time and ordered to make $18,295.12 in restitution after she was found guilty of four counts of fraud in a Virginia courtroom.
Donte Orlando Patterson, 39, of Baltimore, was arrested and charged with multiple counts relating to a scheme to commit insurance fraud. Patterson faces one count of felony theft scheme, 13 counts of insurance fraud and 10 counts of felony theft for allegedly…
The owner of a New Jersey-based insurance adjusting company was arrested for allegedly defrauding the N.J. Turnpike Authority and several insurance companies of more than $200,000.
A licensed insurance agent from Abingdon, Md., pleaded guilty to a felony charge after stealing nearly $17,000 by using false insurance applications.