Minnesota Man Sentenced for $275K False Insurance Claim

A St. Paul, Minn., man has been sentenced for filing a false insurance claim for artwork he had reported as stolen. Thirty-nine-year-old Jason Sheedy was sentenced in federal court to three years’ probation on one count of wire fraud. Sheedy also must pay $352,000 in restitution and serve 500 hours of community service. In his plea agreement, Scheedy admitted coming up with a scheme to defraud AXA Art Insurance Corp. The insurance company insures artwork and other items of historic value.