Fake Arkansas Insurance Broker Sentenced to 5 Years in Prison

An Arkansas man who pretended to be an insurance broker and collected more than $1 million selling fake policies in three states has been sentenced to more than five years in prison, the Arkansas Insurance Department announced.

Arkansas Insurance Commissioner Allen Kerr said Paul Alexander Robertson (AKA Steven Mayberry) was sentenced on May 31 to serve 70 months in federal prison and pay $868,836.52 in restitution to consumers in Arkansas, Louisiana and Mississippi.

Robertson pleaded guilty in August to one count of mail fraud, admitting to using a fake name and false business names with a Little Rock post office box to collect more than $1.19 million on fake policies.

The false business names Robertson used in his scheme were Prime Services and Brokerages Resources.

AID received the first complaint about Robertson in 2015 from a Louisiana woman who learned from the Louisiana Department of Insurance that a certificate of liability insurance she received from him was invalid.

The woman also said there were two unauthorized drafts from her checking account.