Insurance Agency Ordered to Pay $500K to Settle Fraud Allegations Involving Michigan Farmer

An insurance company was ordered to pay half a million dollars in settlement as a resolution for fraud allegations, according to the U.S. Attorney’s Office – Western District of Michigan.

We’re told Silveus Insurance Group and CEO James Cameron Silveus were accused of allowing false claims to be filed for federal crop insurance.

The U.S. Attorney’s Office adds the company will submit to a year-long monitoring period under the U.S. Department of Agriculture’s Risk Management Agency (RMA).

Silveus reportedly acted as a crop insurance agent on behalf of Gaylord Lincoln, a Michigan farmer who had crops in Eaton, Calhoun, Jackson and Ingham counties.