N.Y. Agent Sentenced to House Arrest Premium Diversion
The owner of a Tonawanda, New York insurance agency was sentenced on Aug. 29 to two years probation with six months home confinement for diverting $132,000 in customers’ insurance premiums to prop up his failing business, the New York State Insurance Department reported.
Michael Maney, of East Amherst, was sentenced in U.S. District Court in Buffalo. Maney, who had operated Upstate Agency Services Inc. of Tonawanda, was also sentenced to pay full restitution. He pleaded guilty in May to misappropriation of insurance funds following an investigation by the U.S. Postal Inspection Service, the FBI and the Insurance Department’s Frauds Bureau.
Source: NYSID
Popular Today
- OpenAI And Microsoft Sued Over Murder-Suicide Blamed on ChatGPT
- EV Collision Claims Rebound as Expiring U.S. Government Tax Incentives Drive Record Sales
- Trump Says He’ll Issue An Order Creating National AI Rule
- Zillow Deleting Climate Risk Scores Reveals Limits of Flood, Fire Data
Popular This Month