Search Everything in One Place

Explore the web, images, videos, news, and more – all in one place.

Finance

Charlotte broker submitted 17 false life insurance applications, NC officials say

They swindled Medicare in $35 million scheme. What is their punishment?
One of the suspects obtained $43,454 by filing false insurance applications, the N.C. Department of Insurance said. Getty Images/iStockphoto

Two Charlotte brokers are facing accusations of filing false life insurance applications for profit, according to North Carolina Insurance Commissioner Mike Causey.

Two Charlotte brokers are facing accusations of filing false life insurance applications for profit, according to North Carolina Insurance Commissioner Mike Causey.

Johnnisha Kierra Albert, 28, and Regina Renee King, 32, were arrested on July 15 at a home in southwest Charlotte and charged with multiple felonies, the N.C. Department of Insurance said in a July 17 news release.

“Special agents with the Department of Insurance’s Criminal Investigations Division accuse Albert, an insurance broker, of submitting 17 false life insurance applications to Corebridge Direct Insurance Services Inc. and Gerber Life Insurance Co. Albert obtained $43,454.21 in commissions from these false applications,” state officials said.

“King, also an insurance broker, is accused of submitting five false life insurance applications to United of Omaha Life Insurance Co. to obtain commission payments.”

Albert has been charged with two counts of felony insurance fraud and two counts of felony obtaining property by false pretense, and King is charged with one count of felony insurance fraud and one count of felony attempting to obtain property by false pretense, officials said.

“Insurance fraud is not a victimless crime,” Commissioner Causey said in the news release. “It hits all of us in the pocket through higher premiums.”

Woman accused of money laundering at arts council she led 27 years, NC police say

Cary man who masqueraded as FBI agent found at Charlotte airport, police say

Man had bags of drugs, rolling paper, matches stuck in his body, NC sheriff says

Read full story on The Charlotte Observer

Related News

More stories you might be interested in.

Top