S.D. Agent Pleads Guilty to Fraud
Sioux Falls. S.D. insurance agent Paul Wentzlaff is accused of stealing from two elderly clients and has pleaded guilty to embezzlement and fraud. He could face up to 20 years in prison.
Don Srstka, a special assistant attorney general, said Wentzlaff befriended two men in nursing homes and spent money they thought would be invested.
Srstka said Wentzlaff admitted taking $160,000, but the special assistant to the attorney general said that he’ll seek restitution of more than $400,000.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Growing Progressive Set to Hire 10,000 for Claims, IT, Other Roles
- New Vehicle Registrations in California Rose, While Tesla Registrations Dropped Again
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- Apollo Accused in Lawsuit of Illegal Human Life Wagering Scheme
Popular This Month
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Property Restoration Industry: A Culture in Need of Repair?