Federal Jury Convicts Former Texas Insurance Agent in Fraud Case

 Wednesday, July 24, 2013

 Insurance Journal

A former Denton County, Texas, insurance agent has been convicted in an insurance fraud scheme that targeted elderly individuals, U.S. Attorney Sarah R. Saldana of the Northern District of Texas announced. A federal jury in Dallas convicted Vincent Bazemore, 39, formerly of Aubrey, Texas, on all counts of an indictment charging four counts of mail fraud related to a scheme he ran to defraud various life insurance companies following a three-day trial before U.S. District Judge Reed C. O’Connor. Bazemore is currently in federal custody, serving a five-year sentence on a federal securities fraud conviction in the district in 2009. He faces a maximum statutory penalty of 20 years in federal prison, a $250,000 fine and restitution on each of the four counts of conviction.
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