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Insurance agent sentenced to 2 years in wire fraud case

A Snohomish, Washington, insurance coverage agent was sentenced to 2 years in jail after pleading responsible to wire fraud within the theft of premium funds from shoppers.

Vicki Boser, proprietor of InsuranceTek, Inc., pleaded responsible in August. At her sentencing Tuesday, she was additionally ordered to pay $273,137 in restitution to eight firms or insurance coverage brokers she defrauded.

Boser used the cash to assist her playing behavior at space casinos, federal prosecutors mentioned in a press launch. On the sentencing listening to U.S. District Decide James L. Robart likened the conduct to a Ponzi scheme saying, “The conduct is traditional when it comes to embezzling from shoppers.”

Boser’s firm specialised in serving to small companies that work in high-risk fields safe insurance coverage insurance policies to cowl their operations. Purchasers included personal investigators, course of servers and safety guard firms.

She was required to gather premium funds from the shoppers and pay them to the insurance coverage firms, however prosecutors mentioned she pocketed a few of the funds, created false insurance coverage certificates and led her shoppers to consider they have been insured.


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