"When we pay our insurance premiums, we expect to have coverage when we need it," U.S. Attorney Jesse Laslovich said in a release. "Here, Hagadone's clients, including a community college, logically thought they had coverage because they paid for it. But Hagadone did not just cheat them of coverage, she stole their hard-earned money and spent it for her own personal use." Credit: Jiri Flogel/Shutterstock.com
The owner of Rosebud County Insurance Inc. was sentenced to four years and three months in prison and ordered to pay $155,436 in restitution for wire fraud and aggravated identity theft for using clients' premiums to cover personal expenses, according to the U.S. Attorney's Office, District of Montana.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
