Florida Insurance Agent Awaiting Sentencing in $4.8 Million Premium Diversion
Pensacola, FL (WorkersCompensation.com) -- A Florida insurance agent is awaiting his fate after pleading guilty to defrauding erstwhile policyholders, some of whom were his friends, of almost $5 million over an eight-year period.
John M. Thomas of Pensacola, owner of the well-known Thomas Insurance agency, which sold workers' compensation, commercial liability and property policies, could face at least 20 years in prison, according to federal prosecutors. Sentencing is set for Nov. ...
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