Rock Rapids man placed on probation for insurance fraud
Nick HytrekSioux City Journal
ROCK RAPIDS, Iowa -- A Rock Rapids man has been placed on probation and will serve time on electronic monitoring for defrauding an insurance company.
Justin Fastert, 42, pleaded guilty Friday in Lyon County District Court to single counts of fraudulent submission to an insurer and third-degree fraudulent practice, which was amended from first-degree fraudulent practice as part of a plea agreement.
On Tuesday, District Judge Adam Miller suspended a five-year prison sentence on the fraudulent submission charge and placed Fastert on two years' probation. On the fraudulent practice charge, Fastert was sentenced to 180 days in jail. In lieu of jail, he will be allowed to serve the time on electronic monitoring.
Fastert also must pay $1,880 in fines.
Fastert submitted fictitious invoices from multiple companies in June 2023 in support of an insurance claim that was an attempt to collect money to which he was not entitled. The invoices totaled $47,856. The insurance company denied the claim, and Fastert later admitted creating the documents.
Counterpoint: Why Medicaid Reform Is Appropriate
Court of Appeals remands health insurance plan appeal initiated by nine New York City retirees and one employee organization to Supreme Court for its further consideration
Advisor News
- How smart investments prepare clients for inflation
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
- Initiative looks at how caregiving impacts workplace benefits
- Will rising retirement needs spark an annuity boom?
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity NewsHealth/Employee Benefits News
- Local drop in ACA coverage among highest in state
- Agent groups speak out against congresswoman’s call to limit MA compensation
- A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
- Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
More Health/Employee Benefits NewsLife Insurance News
- Appeals court rejects investor payouts in latest decision against STOLI
- Why premium-financed IUL is failing
- AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
More Life Insurance News