Trending...
- Kaltra Launches Next-Gen MCHEdesign With Full Integration Into MCHEselect — Instant Simulation & Seamless Microchannel Coil Workflow - 156
- A Well-Fed World, Youth Climate Save and PAN International Launch PHRESH: A Global Directory of Plant-Based Hunger Relief Organizations - 154
- Nextvisit Co-Founder Ryan Yannelli Identifies Six Critical Factors for Behavioral Health Providers Evaluating AI Scribes in 2026 - 112
Contact: Ryan Jarvi 5175992746Agency: Attorney General
November 24, 2020
LANSING – A former Genesee County insurance agent was sentenced to prison today for embezzling more than $90,000 from her clients and providing them with phony insurance certificates, leading them to believe they had insurance for their homes or automobiles when they actually didn't.
Angella Kay Swain, 53, of Flint appeared today before Judge Celeste D. Bell in Genesee County Circuit Court. Her sentencing follows a plea deal she entered in July in which she pleaded no contest to one count of conducting a criminal enterprise, 11 counts of embezzlement by an agent between $1,000 and $20,000, and one count of using a computer to commit a crime.
Judge Bell sentenced Swain to 20 months to 20 years' imprisonment. She'll begin serving her sentence on Jan. 11, 2021. She is also responsible for paying restitution of about $90,223 to 34 victims. She paid $12,000 of that Monday.
More on Michimich.com
Charges were filed in the case by the Attorney General's office in October 2018 after it was referred to the office by the Michigan Department of Insurance and Financial Services (DIFS).
"I am grateful for the partnership between my office and the Department of Insurance and Financial Services, as well as the commitment to justice that is clearly shared by all of us involved with this case," Nessel said. "Embezzlement is a crime my office takes very seriously and we will aggressively pursue justice by enforcing the laws that serve to protect our residents and consumers from fraudulent, predatory actions such as these."
"Ms. Swain's sentence makes it clear that there is no tolerance for fraud in the Michigan insurance industry, and it should serve as a warning to those who seek to exploit Michiganders," said DIFS Director Anita Fox. "Our close partnership with the Attorney General's office and other law enforcement enables DIFS to protect consumers and bring criminals like Ms. Swain to justice."
More on Michimich.com
Between 2011 and 2016, Swain took insurance premiums from at least 34 of her clients and converted the money to her own use instead of remitting the premiums to the insurance companies. In many instances, Swain issued her clients false insurance certificates, leading her clients to believe they had homeowners or auto insurance coverage when they did not.
Swain was a licensed insurance producer and operated the Swain Agency from 2002 to 2013.
DIFS took enforcement actions against Swain in 2003, 2006 and 2009. In 2013, DIFS summarily suspended Swain's insurance producer license and permanently revoked it in December 2014 for misappropriating clients' premiums. In 2014, Swain continued to sell insurance without a license while working at her ex-husband's insurance agency, Select Insurance Agency.
The newly established DIFS Fraud Investigation Unit investigates criminal and fraudulent activity related to the insurance and financial markets and works with the Attorney General and law enforcement to prosecute these crimes. Suspected insurance fraud can be reported to DIFS safely, easily and, in most cases, anonymously by calling 877-999-6442 or by visiting DIFS' website.
November 24, 2020
LANSING – A former Genesee County insurance agent was sentenced to prison today for embezzling more than $90,000 from her clients and providing them with phony insurance certificates, leading them to believe they had insurance for their homes or automobiles when they actually didn't.
Angella Kay Swain, 53, of Flint appeared today before Judge Celeste D. Bell in Genesee County Circuit Court. Her sentencing follows a plea deal she entered in July in which she pleaded no contest to one count of conducting a criminal enterprise, 11 counts of embezzlement by an agent between $1,000 and $20,000, and one count of using a computer to commit a crime.
Judge Bell sentenced Swain to 20 months to 20 years' imprisonment. She'll begin serving her sentence on Jan. 11, 2021. She is also responsible for paying restitution of about $90,223 to 34 victims. She paid $12,000 of that Monday.
More on Michimich.com
- HBZBZL Unveils "Intelligent Ecosystem" Strategy: Integrating AI Analytics with Web3 Incubation
- Kaltra Launches Next-Gen MCHEdesign With Full Integration Into MCHEselect — Instant Simulation & Seamless Microchannel Coil Workflow
- A Well-Fed World, Youth Climate Save and PAN International Launch PHRESH: A Global Directory of Plant-Based Hunger Relief Organizations
- Anton Williams, Kalamazoo MI Oil and Gas Business Owner, Revitalizes Org with Reformed Theology
- Guests Can Save 25 Percent Off Last Minute Bookings at KeysCaribbean's Village at Hawks Cay Villas
Charges were filed in the case by the Attorney General's office in October 2018 after it was referred to the office by the Michigan Department of Insurance and Financial Services (DIFS).
"I am grateful for the partnership between my office and the Department of Insurance and Financial Services, as well as the commitment to justice that is clearly shared by all of us involved with this case," Nessel said. "Embezzlement is a crime my office takes very seriously and we will aggressively pursue justice by enforcing the laws that serve to protect our residents and consumers from fraudulent, predatory actions such as these."
"Ms. Swain's sentence makes it clear that there is no tolerance for fraud in the Michigan insurance industry, and it should serve as a warning to those who seek to exploit Michiganders," said DIFS Director Anita Fox. "Our close partnership with the Attorney General's office and other law enforcement enables DIFS to protect consumers and bring criminals like Ms. Swain to justice."
More on Michimich.com
- Trump's Executive Order Rescheduling Cannabis: Accelerating M&A in a Multibillion-Dollar Industry
- Genuine Hospitality, LLC Selected to Operate Hilton Garden Inn Birmingham SE / Liberty Park
- Tickeron Debuts AI Agents with Corridor Exits for GS, NVDA, GOOG, JPM, Achieving Up to +31% Returns
- Documentary "Prescription for Violence: Psychiatry's Deadly Side Effects" Premieres, Exposes Link Between Psychiatric Drugs and Acts of Mass Violence
- Price Improvement on Luxurious Lāna'i Townhome with Stunning Ocean Views
Between 2011 and 2016, Swain took insurance premiums from at least 34 of her clients and converted the money to her own use instead of remitting the premiums to the insurance companies. In many instances, Swain issued her clients false insurance certificates, leading her clients to believe they had homeowners or auto insurance coverage when they did not.
Swain was a licensed insurance producer and operated the Swain Agency from 2002 to 2013.
DIFS took enforcement actions against Swain in 2003, 2006 and 2009. In 2013, DIFS summarily suspended Swain's insurance producer license and permanently revoked it in December 2014 for misappropriating clients' premiums. In 2014, Swain continued to sell insurance without a license while working at her ex-husband's insurance agency, Select Insurance Agency.
The newly established DIFS Fraud Investigation Unit investigates criminal and fraudulent activity related to the insurance and financial markets and works with the Attorney General and law enforcement to prosecute these crimes. Suspected insurance fraud can be reported to DIFS safely, easily and, in most cases, anonymously by calling 877-999-6442 or by visiting DIFS' website.
0 Comments
Latest on Michimich.com
- Pinealage: the app that turns strangers into meditation companions — in crowdfunding phase
- "Micro-Studio": Why San Diegans are Swapping Crowded Gyms for Private, One-on-One Training at Sweat Society
- Beycome Closes $2.5M Seed Round Led by InsurTech Fund
- Sterling Advisory Group Celebrates Two-Year Anniversary
- Tru by Hilton Columbia South Opens to Guests
- Christy Sports donates $56K in new gear to SOS Outreach to help kids hit the slopes
- "BigPirate" Sets Sail: A New Narrative-Driven Social Casino Adventure
- Phinge CEO Ranked #1 Globally by Crunchbase for the Last Week, Will Be in Las Vegas Jan. 4-9, the Week of CES to Discuss Netverse & IPO Coming in 2026
- Women's Everyday Safety Is Changing - The Blue Luna Shows How
- Microgaming Unveils Red Papaya: A New Studio Delivering Cutting-Edge, Feature-Rich Slots
- Japanese Martial Arts Association Explains the Practice of Meditation
- A&D PLM Action Group Validates Digital Twin-Digital Thread Investment Value in Benchmark Report
- Discover Strength and Roots in Libaax with Cedric Muhikira
- 5-Star Duncan Injury Group Expands Personal Injury Representation to Arizona
- The End of "Influencer" Gambling: Bonusetu Analyzes Finland's Strict New Casino Marketing Laws
- AI-Driven Cybersecurity Leader Gains Industry Recognition, Secures $6M Institutional Investment, Builds Momentum Toward $16M Annual Run-Rate Revenue
- TRIO Heating, Air & Plumbing Now Ranks #1 in San Jose
- Milwaukee Job Corps Center Hosts Alumni Day, Calls Alumni to Action on Open Enrollment Campaign
- Golden Paper Identifies Global Growth in Packaging Papers and Upgrades Its High-End Production Capacity
- Detroit-Born Puzzle Game Launches Nationwide XIXMAS Challenge With Gaming PC Giveaway