A former partner of a New Jersey-based insurance brokerage firm was sentenced to 48 months in prison and ordered to pay at least $22 million in restitution for his role in a loan fraud scheme.

An Arizona man, who filed false insurance applications and collected more than $16,000 in commissions, was barred by FINRA for his actions.

A former Nevada insurance agent pleaded guilty to insurance fraud and could face up to four years in prison for writing fake insurance policies for friends and relatives without their knowledge.

Two California life insurance agents received probation and must pay thousands of dollars in restitution after filing faulty applications in order to receive commissions.