March 22, 2023

The owner of a Florida-based insurance company has been sentenced to 14 years in prison for defrauding customers of $4.8 million.  For over seven years, John Thomas of Thomas Insurance, LLC diverted customer insurance premiums to his personal accounts but failed to actually open insurance policies for customers.  He then regularly produced fraudulent documents to customers, referencing their nonexistent policies, in order to conceal his actions.  USAO NDFL

Tagged in: Financial and Investment Fraud,