A North Carolina agent already facing charges of stealing funds from an elderly client has been indicted on 12 charges of embezzlement and two counts of exploiting disabled or elder trust.
The owner of a Smithfield, N.C., insurance agency faces charges of embezzlement and exploiting disabled or elder trust for allegedly cheating a 90-year-old woman out of $168,176.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.