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Paoli, PA

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Ex-VP Who Stole $1.4M From CT Insurance Firm Sentenced to Prison: Feds Ex-VP Who Stole $1.4M From CT Insurance Firm Sentenced to Prison: Feds
Ex-VP Who Stole $1.4M From CT Insurance Firm Sentenced to Prison: Feds A Pennsylvania man who exploited his role at a Connecticut insurance company to steal more than $1.4 million is heading to federal prison, authorities said.  James Keating, 52, of Paoli, Pennsylvania, was sentenced to 20 months behind bars, followed by three years of supervised release, for defrauding Allied World Insurance Company out of more than a million dollars. U.S. District Judge Victor A. Bolden also ordered him to pay back over $1.2 million in restitution. Prosecutors said Keating used his position as a surety bond claims handler at Allied World, which operates out of Farmingt…

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by Josh Lanier
News
$1.5M Con: Ex-Employee Admits Defrauding CT Insurance Company $1.5M Con: Ex-Employee Admits Defrauding CT Insurance Company
$1.5M Con: Ex-Employee Admits Defrauding CT Insurance Company A former employee from Pennsylvania admitted to defrauding a Connecticut insurance company to the tune of $1.5 million. James Keating, age 52, of Paoli, Pennsylvania, pleaded guilty to wire fraud in New Haven federal court on Tuesday, July 30. Prosecutors said Keating – who served as assistant vice president and a surety bond claims handler at Hartford County-based Allied World Insurance Company in Farmington – created a shell company to bill Allied World for unnecessary claims work that was never performed. Between 2017 and 2021, he also solicited and received kickbacks from Allied World…

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by Michael Mashburn