WASHINGTON, Aug. 21 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
NORFOLK, Va. - A former insurance agent pled guilty today to wire fraud related to a scheme to pocket the premiums he was paid for policies he sold.
According to court documents, Thomas Robert Hoyt, 32, of Melfa, contracted with insurance carriers to sell the carriers' products to Hoyt's clients, serving as the intermediary between the insurers and the insured. For certain policies, Hoyt directed his clients to pay premiums to him and represented that he would forward those payments to the insurance carriers.
In response to complaints from Hoyt's clients, the Commonwealth of Virginia's Bureau of ...