Virginia man sentenced for life insurance fraud scheme

0
131

A Virginia Beach man was sentenced today to 27 months in prison for defrauding life insurance companies.

According to court documents, in 2018, Michael Leonard Morgan-Towe, 37, and Antionette D. Pringle, 33, also of Virginia Beach, obtained approximately $150,000 in fraudulent advance commissions from life insurance companies. Morgan-Towe recruited indigent people, falsely promising them months of “free” life insurance if they provided their personally identifiable information. Pringle, a licensed insurance agent in Virginia, then used this information to submit applications for life insurance, falsifying their income to make it appear they could afford the monthly premiums, when she knew they couldn’t. In some cases, you misreported your health conditions to make sure your application was approved.

Life insurance companies sent Pringle thousands of dollars in up-front commissions as soon as applications were approved, which she shared with Morgan-Towe. However, almost all policies immediately expired because premiums were not paid, as individual beneficiaries thought they were getting free life insurance.

In December 2020, Pringle was sentenced to 4 years in prison for her role in the scheme.

Comments are closed.