An insurance agent in Florida will do time in prison fordefrauding several NBA and NFL athletes by selling them fakeinsurance policies and keeping the premium payments for himself,reports NorthEscambia.com.
|Kevin D. Webster pleaded guilty in February of this year. In hisplea, Webster admitted to falsely representing that he had used NBAand NFL player clients' money to obtain umbrella insurancepolicies.
|[Read related:Florida CFO Jeff Atwater announces 6 arrests inWorkers' Comp fraud scheme]
|As an insurance agent registered in Florida and other states,Webster falsely claimed to take out policies with coverage amountsranging from $5 million to $1 million from United States LiabilityInsurance Group between 2008 and 2012. Webster instead stoleapproximately $140,000 in client policy premium payments, saysNorthEscambia.com.
|Last week, Webster was sentenced to 21 months in prison for wirefraud and was ordered to pay $144,229.07 in restitution.
|Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
