Former Kentucky Agent Lands Fraud Sentence
The Fraud Investigation Division of the Kentucky Department of Insurance announced a former Lexington insurance agent has been sentenced in Fayette Circuit Court on one felony count of fraudulent insurance acts.
According to court documents, William O. Goebel III, 44, fraudulently submitted applications to an insurance company and collected in excess of $300 in commissions he was not entitled to receive.
He was sentenced to one-year imprisonment, probated for five years. In addition, he was ordered to pay $7,100 in restitution to the company. Goebel was fined $5,000 and will spend 90 days in the Fayette County Detention Center.
Popular Today
- Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
- Travelers Reports Solid Underwriting, Record Investment Income for Q3
- Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event