Kentucky Insurance Agent Arrested on Fraud Charges

January 8, 2008

The Kentucky Office of Insurance Fraud Division arrested a Somerset, Ky., insurance agent last month following an indictment on 11 felony counts of insurance fraud and four felony counts of possession of a forged instrument.

James Garner Sadler, 57, of Sadler and Sadler Insurance, allegedly took more than $17,000 from clients in Pulaski, Russell and Garrard counties for premiums on life, health and Medicare supplement insurance and did not purchase the coverage.

According to court documents, Sadler used the money for his own personal purposes and to pay partial premiums for other clients. His agent license is currently under review by the Kentucky Office of Insurance.

If found guilty, Sadler faces a maximum sentence of 20 years in prison and/or a $150,000 fine.

Source: Kentucky Office of Insurance

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