On the Record
A former Georgia insurance agency owner will spend the next four years in jail after being convicted in a truck cargo insurance scam that operated in more than 20 states.
A Trenton, N.J., man was sentenced to three years in prison for insurance fraud for titling, registering and insuring vehicles for undocumented people who lacked legal status, then stealing the money they gave him for premiums.
FINRA has censured and fined Charles Schwab & Co. Inc. $2 million for net capital deficiencies and related supervisory failures.
Federal and New York regulators filed a lawsuit in federal court against two companies, alleging they deceived consumers about the costs and risks of their pension advance loans.
A former insurance brokerage owner pleaded guilty earlier this summer in federal court to wire fraud and money laundering charges stemming from her theft of more than $10 million from Aetna.
A former registered representative of a broker-dealer admitted in federal court to using his position to steal more than $650,000 from the company’s clients.
A livery company owner was convicted by a New Jersey jury on charges he registered and insured limousines and taxis in New Jersey while keeping and operating the vehicles in New York in order to obtain lower insurance premiums.
A New York City police officer was convicted for creating an insurance fraud scheme to defraud auto insurance companies.
A Florida insurance agent will spend 21 months in federal prison for defrauding professional NFL and NBA athletes.
An Alabama insurance agent was charged with bilking an insurance company out of a quarter of a million dollars in the name of her dead daughter.