Monday, September 27, 2010

Mississippi Couple Plead Guilty To Misappropriating Nearly $700K From Insurance Company

Elizabeth Rainey and Robert Rainey, of Southaven, Tennessee, pleaded guilty to charges they misappropriated $678,704.26 from Direct General Insurance Company of Memphis, Tennessee. According to authorities, Elizabeth Rainey was a claims adjuster for Direct General and issued fraudulent claims checks to herself and her husband, Robert Rainey. The scheme spanned more than four years from December 3, 2004, and March 6, 2009, according to reports.

Read the story here and here.

Hat tip: Reader Joe.

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