Press Release: Insurance Agent Charged with Embezzlement

 

Insurance Agent Charged with Embezzlement

 

LAWTON - Oklahoma Insurance Commissioner John D. Doak and Comanche County District Attorney Fred Smith made public their investigation of an embezzlement resulting in the signed confession and surrendered license of Amanda Sue Wilson from Lawton, OK.

 

The investigation of Wilson began when the Oklahoma Insurance Department’s Anti-Fraud Unit received a referral from an audit consultant retained by a large Oklahoma insurance company. The auditor’s report revealed a number of discrepancies in the insurance transactions made by Wilson from October 2009 to February 2011.

 

Upon review, OID investigators found that Wilson had created unauthorized life loan checks and credit/debit charges, misapplied escrow checks from home closings and misapplied premium refunds and premium payment checks to cover cash payments she had embezzled. Approximately 100 policyholders were impacted by her criminal activity with estimated losses of nearly $62,000.

 

OID investigators brought their findings to Mr. William Riley, the Assistant District Attorney assigned to white-collar crimes in Comanche County, where the case was filed and will be prosecuted.

 

Mr. Riley stated, “Comanche County’s efforts to investigate and prosecute white-collar criminals falls under a grant from the federal Bureau of Justice Assistance, and we are happy to work with local, state and federal law enforcement agencies in pursuing criminal activity.”

 

“The Oklahoma Insurance Department’s Anti-Fraud Unit is committed to pursuing all types of fraudulent activity affecting our industry. Through the continued efforts of the OID and Oklahoma’s District Attorneys, we promise to protect Oklahomans,” said Doak.

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For more information please contact:

Brant T. Cale

(405) 312.7633 

 brant.cale@oid.ok.gov