Clicky

INN Blog

More Posts
 

Former Agent Sentenced To Prison, Ordered To Repay Commissions

By Jeff Reinitz, Waterloo-Cedar Falls Courier, Iowa
McClatchy-Tribune Information Services

June 21--DIKE -- A former Dike insurance agent has been ordered to repay commissions she received by submitting fake applications for policies.

Authorities said Melissa Ilene Williams, 46, was paid $175,147 worth of commissions by claiming she sold insurance policies when the people named on the policies were unaware of the applications. She also paid the initial premiums to avoid detection by the insurance companies.

Williams pleaded guilty to a single count of mail fraud in March in U.S. District Court in Cedar Rapids, and on Thursday Judge Linda Reade sentenced her to three years and five months in prison. She will be on supervised release for three years following her prison time.

She remains free until she begins serving her sentence.

Reade ordered Williams to pay $139,137 to Funeral Directors Life Insurance Co. and $36,010 to National Guardian Life Insurance Co.

According to the Iowa Department of Inspections and Appeals, Williams had been licensed as an insurance producer since May 2007.

In November, the department scheduled a hearing after receiving complaints that Williams had made improper premium payments for policies on behalf of relatives and friends and made false statements on applications.

Williams didn't attend the hearing to challenge the allegations, and her license was revoked Nov. 25, five days before it was set to expire, according to department records. She was also ordered to pay a $1,000 civil penalty.

___

(c)2014 Waterloo-Cedar Falls Courier (Waterloo, Iowa)

Visit Waterloo-Cedar Falls Courier (Waterloo, Iowa) at www.wcfcourier.com

Distributed by MCT Information Services

Wordcount: 251



Social Security changes you need to know now.



USER COMMENTS:


  More Life Insurance News

More Life Insurance News >>
  Most Popular Life Insurance News

More Popular Life Insurance News >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Social Security changes you need to know now.