Paul Alexander Robertson, who used the alias Steven Mayberry to pose as a fake insurance agent, was sentenced to five years and 10 months in prison this week.
Robertson peddled fake policies in Arkansas, Louisiana and Mississippi for nearly three years until 2015 and defrauded unsuspecting victims of more than $1 million. He was ordered to pay a restitution of nearly $900,000.
The fraudster entered a guilty plea to a single charge of mail fraud during his arraignment in August in lieu of a trial by jury and a possible indictment. The charge stems from the fact that he used the fake business name Prime Services and Brokerages Resources and used a post office box in Arkansas to sell policies and receive payments from his clients.
Local publication
Arkansas Online also said in a report that while Robertson said he paid some of the claims, he has no license to sell, solicit or negotiate insurance in any of the three states where he operated.
In his plea bargain, Robertson admitted that he used forged forms to convince his clients he is a legitimate agent and that his policies were issued by the companies he claimed to represent. Clients then paid him the insurance premiums directly and indirectly through mail and electronic wire transfer for fake policies.
Apart from his jail term and restitution, US District Judge James Moody Jr ordered Robertson to undergo substance abuse treatment in prison as well as to participate in educational and vocational programs during his incarceration.
Related stories:
Insurance fraudster who attacked adjuster wants new trial
Insurance fraudster admits setting blaze that killed firefighter
.jpg)
