Sherri E. Onks, special agent in charge of the FBI's Jacksonville Division, said the insurance agent's victims didn't realize their policies were fake until Sherri E. Onks, special agent in charge of the FBI's Jacksonville Division, said the insurance agent's victims didn't realize their policies were fake until "after disaster stuck." (Credit: Shutterstock)

A Pensacola, Florida, insurance agent received a 14-year prison sentence and was ordered to pay more than $8.3 million in restitution for wire fraud and money laundering charges related to selling fraudulent insurance policies, according to the U.S. Attorney's Office for the Northern District of Florida.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]