Search
 

No Mercy for Crooked Agent

William Reed Jenkins III (Jenkins) was allowed as a result of a plea agreement with the U.S. Attorney to plead guilty to only two counts of wire fraud in violation of 18 U.S.C. ? 1343.

By Barry Zalma | Updated on May 04, 2010

William Reed Jenkins III (Jenkins) was allowed as a result of a plea agreement with the U.S. Attorney to plead guilty to only two counts of wire fraud in violation of 18 U.S.C. ? 1343, when he admitted to being involved in multiple actions involving a possible loss to the insurers defrauded in excess of $20 million. The district court sentenced him to 70 months’ imprisonment. Jenkins appealed his sentence, arguing that the district court did not apply the appropriate sentencing enhancements because he only intended to defraud the insurers of a smaller amount than the evidence showed.

The Eighth Circuit Court of Appeal affirmed the sentence in United States v. Jenkins, 578 F.3d 745 (8th Cir. 08/24/2009), proving that an insurance agent committing fraud against the insurers he represented should not expect mercy once caught and convicted. Any agents presented with a get-rich-quick scheme should consider whether they would be so lucky as to only receive a 70-month sentence.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.