Amount: $1.3 Million

An equine insurance agent from Rhode Island has been charged with orchestrating a fraud scheme that defrauded customers, insurance companies and finance companies of about $1.3 million. The agent specializes in equine coverage, and is being sued for overbilling and double-billing his customers when submitting the bill to their credit card for policies' premiums, which the client did not request or approve. The agent forged signatures, collected premiums and failed to forward the payments to the appropriate insurance companies, and financed premiums and received funds on behalf of clients without their consent. He even submitted financing agreements to finance companies for customers who didn't exist. He allegedly collected around $800,000 in insurance premiums he was supposed to forward to insurance companies, obtained more than $500,000 in premiums from finance companies, and charged $80,000 on client credit cards for premiums he did not give to the insurer.

He has been charged with wire fraud, and aggravated identity theft.