FLINT TOWNSHIP, MI – A former Genesee County insurance coverage agent has been sentenced to jail for embezzling greater than $90,000 from her shoppers and offering them with phony insurance coverage certificates, main them to consider they’d insurance coverage for his or her houses or vehicles after they truly didn’t.
Angella Kay Swain, 53, of Flint Township appeared earlier than Genesee County Circuit Court docket Choose Celeste Bell Tuesday, Nov. 24 and was sentenced to twenty months to twenty years in jail.
Swain’s sentencing follows a plea deal she entered in July during which she pleaded no contest to 1 depend of conducting a felony enterprise, 11 counts of embezzlement by an agent between $1,000 and $20,000 and one depend of utilizing a pc to commit a criminal offense.
Expenses have been filed within the case by the Attorney General’s office in October 2018 after it was referred to the workplace by the Michigan Division of Insurance coverage and Monetary Providers.
“I’m grateful for the partnership between my workplace and the Division of Insurance coverage and Monetary Providers, in addition to the dedication to justice that’s clearly shared by all of us concerned with this case,” Nessel mentioned. “Embezzlement is a criminal offense my workplace takes very severely and we are going to aggressively pursue justice by imposing the legal guidelines that serve to guard our residents and shoppers from fraudulent, predatory actions resembling these.”
Between 2011 and 2016, Swain took insurance coverage premiums from not less than 34 of her shoppers and transformed the cash to her personal use as a substitute of remitting the premiums to the insurance coverage firms, in accordance with the legal professional normal’s workplace. In lots of situations, Swain issued her shoppers false insurance coverage certificates, main her shoppers to consider they’d owners or auto insurance coverage protection when they didn’t.
“Ms. Swain’s sentence makes it clear that there isn’t a tolerance for fraud within the Michigan insurance coverage trade, and it ought to function a warning to those that search to take advantage of Michiganders,” Division of Insurance coverage and Monetary Providers Director Anita Fox mentioned in an announcement.
Swain was a licensed insurance coverage producer and operated the Swain Company from 2002 to 2013.
The Division of Insurance coverage and Monetary Providers took enforcement actions towards Swain in 2003, 2006 and 2009. In 2013, the division summarily suspended Swain’s insurance coverage producer license and completely revoked it in December 2014 for misappropriating shopper’s premiums, the state mentioned. In 2014, Swain continued to promote insurance coverage with no license whereas working at her ex-husband’s insurance coverage company, Choose Insurance coverage Company, the state alleged.
The newly established Division of Insurance coverage and Monetary Providers Fraud Investigation Unit investigates felony and fraudulent exercise associated to the insurance coverage and monetary markets and works with the Lawyer Basic and legislation enforcement to prosecute these crimes. Suspected insurance coverage fraud will be reported to the division by calling 877-999-6442 or by visiting DIFS’ website.