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Escambia Insurance Agent Sentenced For Selling Fake Policies To NBA, NFL Players
July 3, 2015
An Escambia County insurance agent was sentenced to federal prison today for defrauding athletes by selling them fake insurance policies.
Kevin D. Webster, 44, was sentenced Thursday to 21 months in prison for wire fraud, and hew as ordered to pay $144,229.07 in restitution.
During his guilty plea in February 2015, Webster admitted that, between 2008 and 2012, as an insurance agent registered in Florida and other states, he knowingly defrauded NFL and NBA player clients by falsely representing that he had used the clients’ money to obtain umbrella insurance policies, with coverage amounts ranging from $5 million to $1 million, from United States Liability Insurance Group. Instead, Webster stole approximately $140,000 in client payments meant for policy premiums.
The case was investigated by the Federal Bureau of Investigation and the Florida Department of Financial Services.
Comments
One Response to “Escambia Insurance Agent Sentenced For Selling Fake Policies To NBA, NFL Players”
Well now he can join Randy Petersen , who will be serving 8 years in prison for doing the same thing. What is it with insurance agents trying to rip people off. Your going to get caught and then do the time.