Ex-Employee Of Travel Insurance Co. Sentenced To Over 2 Years In Prison
Targeted News Service (Press Releases)
Maria Caceres, 56, of Coral Springs, Florida and formerly of Hamilton County, Indiana, was sentenced late yesterday to 30 months in federal prison following her conviction of wire fraud, to which she had previously plead guilty.
According to court records, Caceres was employed by Seven Corners, a travel insurance business located in Carmel. Between May 2011 and September 2016, Caceres prepared and submitted thirty fraudulent insurance claims to Seven Corners totaling more than $650.000.
As part of the scheme, Caceres and her accomplices created fictitious names under which they purchased insurance policies from the victim company. Caceres and her accomplices created false email addresses in the name of a hospital in Venezuela and submitted claims to the victim company for purported emergency medical services provided to the fictitious individuals during international travel.
In fact, none of these expenses were ever incurred and Caceres had created artificial customer accounts and false documents in support of the claims. As a result of the fraud, the victim company paid over $588,000 to accounts controlled by Caceres' accomplices.
Zachary A. Myers, U.S. Attorney for the Southern District of Indiana and FBI Indianapolis Special Agent in Charge Herbert J. Stapleton made the announcement.
The Federal Bureau of Investigation investigated the case. The sentence was imposed by U.S. District Judge Richard L. Young. As part of the sentence, Judge Young ordered that the defendant be supervised by the U.S. Probation Office for one year following her release from prison. Caceres was also ordered to pay over $496,000.00 in restitution.
U.S. Attorney Myers thanked Assistant U.S. Attorneys James M. Warden and Bradly P. Shepard who prosecuted this case.
This bill would require insurers to cover evacuation expenses, even if a mandatory order isn't issued [The Advocate, Baton Rouge, La.]
Mich. Gov. Whitmer Announces More Than $900M in Auto Insurance Refunds Already Returned to Eligible Michiganders
Advisor News
- Different generations are hopeful about their future, despite varied goals
- Geopolitical instability and risk raise fears of Black Swan scenarios
- Structured Note Investors Recover $1.28M FINRA Award Against Fidelity
- Market reports turn economic trends into a strategic edge for advisors
- SEC in ‘active and detailed’ settlement talks with accused scammer Tai Lopez
More Advisor NewsAnnuity News
- Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
- An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
- Rethinking whether annuities are too late for older retirees
- Advising clients wanting to retire early: how annuities can bridge the gap
More Annuity NewsHealth/Employee Benefits News
- New Antibiotics Study Results Reported from Tehran University of Medical Sciences [Antibiotic consumption and medication cost in diabetic patients: Insights from Iran health insurance organization (IHIO) claims data]: Drugs and Therapies – Antibiotics
- Study Data from Humana Healthcare Research Update Knowledge of Type 2 Diabetes [Trends in use of continuous glucose monitors among individuals with type 2 diabetes enrolled in Medicare Advantage (2021-2023)]: Nutritional and Metabolic Diseases and Conditions – Type 2 Diabetes
- Research Data from Harvard Medical School Update Understanding of Managed Care (The
<i>
Lancet
</i> Commission On a Citizen-centred Health System for India): Managed Care
- New Managed Care Study Findings Have Been Reported by Researchers at University of Pennsylvania Perelman School of Medicine (Buprenorphine prescribing is increasingly delivered by primary care nurse practitioners to Medicaid beneficiaries): Managed Care
- Researchers at University of Maryland School of Public Health Have Reported New Data on Managed Care (Associations Between ACO Enrollment Status and Drug and Nondrug Costs Among Older Adults Newly Diagnosed With ADRD): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- ASK THE LAWYER: Your beneficiary designations are probably wrong
- AM Best Affirms Credit Ratings of Cincinnati Financial Corporation and Subsidiaries
- NAIFA and Brokers Ireland launch global partnership
- Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
- Reimagining life insurance to close the coverage gap
More Life Insurance News