A former licensed insurance agent in Iowa has been charged with committing criminal acts in order to receive advanced sales commissions.
Investigators of the Fraud Bureau of the Iowa Insurance Division have accused Nicholas Menough of falsifying insurance policy applications and altering financial documents related to sale of insurance policies. He was arrested by the Polk County Sheriff’s Office on February 05 and was booked into the Polk County Jail.
In addition to his fraud and forgery charges, Menough is also accused of second-degree theft. He posted a $5,000 cash surety bond and has been released. A trial will be set at a future date.
In a separate case, authorities have pressed charges against a former insurance claim representative from Des Moines.
Cora Harrington is said to have engaged in altering financial documents related to insurance claims in order to redirect insurance claim proceeds for personal use. She was arrested in February by the Pleasant Hill Police Department and booked into the Polk County Jail, and has been charged with fraud and second-degree theft.