Former insurance agent must repay $86,000 after pleading guilty to fraud

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Previous insurance coverage representative have to pay back $86,000 after begging guilty to fraudulence

A previous insurance coverage representative in Johnson Region, KS has actually begged guilty to fees of insurance coverage fraudulence, and also has actually been purchased to pay virtually $86,000 in restitution.

Armond R. Peghee, 42, begged guilty in Johnson Region Area Court to one matter of an illegal insurance coverage act, one matter of burglary, one matter of crimes worrying computer systems, and also 3 matters of identification burglary. Kansas Attorney General Of The United States Derek Schmidt stated that Peghee has actually consented to pay $85,897.87 in amends.

WIBW reported that Peghee’s appeal arrangement was approved by Johnson Region Area Court court Thomas Kelly Ryan, which a sentencing day was established for March 17, 2021.

Chief law officer Schmidt stated that an examination by the Kansas Insurance coverage Division discovered that Peghee was associated with an insurance policy fraudulence system. In the system, Peghee sent incorrect applications for insurance plan for his unintentional consumers. Peghee would certainly after that assert the payment for the sale of the plans, and also would certainly remain to maintain his consumers at night regarding the plans and also the costs that went unsettled, private investigators kept in mind. The plans were at some point terminated for nonpayment, yet private investigators discovered that Peghee still handled to maintain the compensations.

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