Illinois Man To Be Sentenced For Stealing Social Security Benefits
Northwest Herald, The (Crystal Lake, IL)
A Lakewood man accused of receiving more than $150,000 in Social Security disability insurance benefits pleaded guilty Thursday to a federal wire fraud charge.
Valentino Valeriu Agignoae, 55, was accused of fraudulently receiving money from the Social Security Administration between January 2007 through April 2015, according to a news release from the U.S. Attorney's Office for the Northern District of Illinois in Rockford.
In total, the U.S. government suffered a loss of about $157,503, according to the release.
Agignoae began receiving Social Security Administration disability insurance benefits in 1996. Those benefits were terminated in 2015, following a multi-year investigation by the Social Security Administration Office of the Inspector General, according to the release.
The investigation revealed that part of Agignoae's scheme included his failure to notify the Social Security Administration that he was able to work and was working at a restaurant in Chicago, which he owned in part. Agignoae also was accused of lying and making false representations about his prior work and employment.
He is scheduled for sentencing on Jan. 13 and faces a maximum 20-year prison sentence.
Insurers Expect Claims To Double In Two Decades
Markel Corporation and Markel CATCo Announce Buy-Out Transaction Offering Accelerated Return of Capital to Investors in Markel CATCo Reinsurance Fund Ltd. and CATCo Reinsurance Opportunities Fund Ltd. and Appointment of Joint Provisional Liquidators to Facilitate Implementation
Advisor News
- Flourish brings private-bank-like cash solution to MassMutual’s network
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
More Advisor NewsAnnuity News
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
- New class-action lawsuit targets Delaware Life over annuity disclosures
- A client remarried: Does their annuity still fit?
More Annuity NewsHealth/Employee Benefits News
Life Insurance News