fraud by insurance agents News

Former Agent Sentenced to 15 Years in ‘FastLife’ Scheme. Spent Funds on Insurance

A former Sarasota insurance agent and financial advisor has been sentenced to 15 years in prison for what prosecutors said was a scheme to defraud elderly residents out of $6 million. Phillip Roy Wasserman, 67, was convicted of fraud charges …

Carolina Insurance Agent Charged with ID Theft, Taking out Secret Life Policy

North Carolina authorities have charged a Charlotte-area insurance agent with identity theft after he reportedly took out a life insurance policy without the man’s knowledge. Derek Urban Ezzell, 56, a multi-lines producer in Concord, submitted an insurance application in the …