Spring Lake couple sentenced for defrauding insurance companies of $660K
By David P. Willis, Asbury Park Press, N.J. | |
McClatchy-Tribune Information Services |
Mohen, 47, who now lives in
Mohen's wife,
Also, they agreed to pay
The couple, who were indicted in
In their guilty pleas, Mohen admitted that between
The defendants took the money by failing to send premiums they received to seven companies --
The investigation determined that the couple commingled trust account money with office funds, failed to send premiums due to those insurance companies and misappropriated premiums for their own purposes, authorities said.
"Schemes such as this one not only defraud insurance companies but also cause an undue burden on honest New Jerseyans who incur increased insurance rates to cover the cost of the fraud," acting Attorney General
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