A federal jury convicted a Maryland man for conspiracy to commit insurance fraud, money laundering, filing false tax returns and identity theft, the Justice Department announced Friday.
According to the DOJ, James Wilson conspired with others to defraud insurance companies by obtaining over 30 life insurance policies for applicants by mispresenting their health, wealth, and existing life insurance coverage. The total death benefits from these policies exceeded $20 million.
The DOJ said Wilson also conspired to defraud individual investors to obtain funds that he then used to pay premiums on fraudulently-obtained life insurance policies. To conceal the fraud, Wilson ...
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