Mass. couple running insurance business defrauded clients out of $700K, feds say
Ryan Mancini, masslive.comMassLive.com
A New Bedford couple was charged in connection with an insurance business that defrauded 50 of their clients out of $700,000, United States Attorney Leah Foley’s office said.
Brendan Lawler, 58, and Lisa Lawler, 45, were charged with one count each of wire fraud and conspiracy to commit wire fraud. Both were scheduled to appear in federal court in Boston on Friday.
The Lawlers operated BL Insurance Brokerage, LLC, Foley’s office said in a statement. Between March 2023 and March 2024, they solicited and collected insurance payments from their clients to be paid to the clients’ insurance providers.
Instead, the Lawlers pocketed these payments and used the money for their own purposes, Foley’s office said. They hid the theft to keep their business afloat and pay any outstanding balances. The Lawlers also created and distributed documents to clients that told them they were, in fact, insured.
The charges of wire fraud and conspiracy to commit wire fraud each provide for a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $250,000, or twice the loss to the victim.
Get ready for a WNC housing explosion
ANALYSIS: 5 takeaways from Colorado's 2025 special session
Advisor News
- IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
- The hidden flaw in insurance AI adoption for advisors and carriers
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor NewsAnnuity News
- How annuities can help protect retirees from financial scams
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
More Annuity NewsHealth/Employee Benefits News
- East Idaho hospital could end contract with health insurer that covers state employees
- About 8% of the country lacked health insurance in 2025, new data shows. That could rise next year
- Cheaper, alternative health plans are having a moment, but critics urge caution
- New Mental Health Diseases and Conditions Findings from Temple University Outlined (Using Demand Analysis To Examine Private Practice Mental Health Providers’ Decision To Accept Health Insurance): Mental Health Diseases and Conditions
- Reports from Boston Children’s Hospital Advance Knowledge in Health and Medicine (Disparities in health insurance and healthcare access for immigrant children with special healthcare needs): Health and Medicine
More Health/Employee Benefits NewsLife Insurance News
- U-Haul Holding Company Reports Fiscal 2026 Financial Results
- Symetra Honored as 2026 ‘Community Champion’ by the Puget Sound Business Journal
- Kyle Busch attorney rips ‘false narrative’ around life insurance coverage
- Data verification: Modernizing life insurance for the digital consumer
- The hidden risks of indexed universal life and what advisors should know
More Life Insurance News