Ex-Employee Of Travel Insurance Co. Sentenced To Over 2 Years In Prison - Insurance News | InsuranceNewsNet

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April 16, 2022 Property and Casualty News
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Ex-Employee Of Travel Insurance Co. Sentenced To Over 2 Years In Prison

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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.

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