Andrea Mills, 49, of Huntington, West Virginia, pleaded guilty today to charges she embezzled $1.1 million in reinsurance premiums from clients. According to prosecutors, Mills was the owner/operator of Allied Benefit Administrators, Inc., a third party administrator, which misappropriated funds clients had paid for re-insurance premiums. She was originally charged with felony embezzlement last month in an Information. The scheme lasted from March 2006 to January 2008, according to prosecutors and cost more than $2 million in losses to the victims. She faces up to five years in prison plus fines and restitution.
Read FraudTalk's original post on this story here.
Read the story here.
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