Phony Crown Point insurance agent sentenced to just over a year in prison
Marlon Underwood, 49, was indicted by a federal grand jury in 2021 for tricking a Maryland insurance firm to pay him for insurance policies he sold to Northwest Indiana residents.
Chief Judge Jon DeGuilio delivered Underwood's sentence. Underwood was represented by attorney Darnail Lyles.
The indictment states that Underwood was not a licensed insurance agent, but he worked with one, who was unnamed in charges as part of Underwood's plea agreement.
Underwood allegedly collected personal, medical and bank information from Region residents to submit life insurance policy applications to insurance companies. Though some of the applications were legitimate, charges state, Underwood "also submitted insurance applications for customers who did not authorize the applications."
Underwood received $842 from some of these unauthorized applications, as many insurance companies offer commission before policyholders pay for premiums.
In his plea agreement, Underwood agreed that he visited an East Chicago home and convinced an elderly couple to apply for life insurance in September 2018. He then purportedly used that couple's information and used it to apply for other insurance policies, without their knowledge.
Underwood was initially charged with mail fraud, aggravated identify theft, fraud and identity theft, according to court records. The aggravated identity theft charge and the mail fraud charge were both dropped as a result of Underwood's plea agreement.
___
(c)2023 The Times (Munster, Ind.)
Visit The Times (Munster, Ind.) at www.nwitimes.com
Distributed by Tribune Content Agency, LLC.



Insurance Crisis
Vast majority of U.S. adults believe dental coverage is an important part of overall wellness, according to Delta Dental report
Advisor News
- Global economy ‘resilient’ in the wake of massive disruption
- Cryptocurrency legislation takes one step forward with bipartisan support
- 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
More Advisor NewsAnnuity News
- MetLife Expands Guaranteed Retirement Income Offering with Innovative Flexible Annuity Option
- 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
More Annuity NewsHealth/Employee Benefits News
- National Association for Veterans Rights Raises Questions About Federal Court Ruling Impacting Veteran Claims Assistance
- From Network Automation to Agentic NetOps: NetBrain Sets the Standard for Deploying AI in Network Operations
- Hecklers disrupt Hinson rally as Iowa U.S. Senate candidate touts stock trading ban
- The California governor’s race you hate is the one you helped create | Opinion
- Enrolling in Medicare
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Halyk-Life, JSC
- AM Best Affirms Credit Ratings of Symetra Financial Corporation and Its Subsidiaries
- AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company
- Nationwide reaches reinsurance agreement with MassMutual on UL policy block
- Best’s Market Segment Report: AM Best Maintains Outlook on Philippines’ Non-Life Insurance Segment at Stable
More Life Insurance News