The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the U.S. Attorney’s Office, Northern …
Pennsylvania Insurance Commissioner Jessica Altman said her department has gotten more than $117,000 in restitution for 25 Pennsylvania consumers victimized in a major annuity scam. “I am pleased we were able to recover this money for Pennsylvanians, many of them …
A Lubbock, Texas-based insurance agent has been arrested on charges of defrauding elderly victims through an annuity scam. The Texas Department of Insurance reported that Joseph Allen Gaines was arrested last month on charges that he kept clients’ money that …
