The Fraud Investigation Division of the Kentucky Department of Insurance announced a former Lexington insurance agent has been sentenced in Fayette Circuit Court on one felony count of fraudulent insurance acts.
According to court documents, William O. Goebel III, 44, reportedly fraudulently submitted applications to an insurance company and collected in excess of $300 in commissions he was not entitled to receive.
He was sentenced to one-year imprisonment, probated for five years. In addition, he was ordered to pay $7,100 in restitution to the company. Goebel was fined $5,000 and will spend 90 days in the Fayette County Detention Center.
Was this article valuable?
Here are more articles you may enjoy.
Trump Set to Sign AI Cybersecurity Directive as Soon as Thursday 
New York Homes Most Exposed to Hurricane Risk, Beating Miami 
‘Big Tobacco’ Moment for Cannabis: What Insurers Need to Know About Murray v. Cresco 
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.