Imprisoned Tennessee Insurance Executive Charged with Bribery
A former Tennessee insurance executive is accused of trying to buy his way out of prison.
Federal authorities charged James Michael Foley of Germantown last week with bribery of a government official and obstruction of justice.
Drug Enforcement Administration agent George Stauffer met with Foley while wired to record the meeting.
The government said in an affidavit Foley offered Stauffer $20,000 if he recommended a sentence reduction, claiming Foley had given him tips about drug dealers.
Foley previously worked for disability insurer Unum.
In December 2006 he pleaded guilty to mail fraud and making false statements on federal documents and is serving a 51-month prison sentence in Millington, Tenn.
___
Information from: The Commercial Appeal,
http://www.commercialappeal.com
- Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say
- Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin
- 20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster?
- Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders?