Entries Tagged ‘insurance company’:

Maddof’s Giant Ponzi Scheme Hits Insurance Companies

In the news right now is the outrage over the latest in Wall Street scams to hit the street, but this one could be by far the biggest in history. Bernie Madoff allegedly conned wealthy and supposedly sophisticated investors out of $50 billion in a Ponzi scheme. And a number of these investors were insurance [...]

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Texas Life Insurance Agent Gets 12 Years for 1.2 Million Dollar Insurance Fraud

Texan Brenda Buckaloo-Merchant  was sentenced to  12 years in prison for embezzling more than 1.2 million dollars from Unitrin Insurance. She wrote checks from Unitrin to a fictional health insurance provider who was, in fact, he. Its a first degree felony in Texas. I wonder how she got caught, but it seems a pretty silly [...]

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