Eastern Iowa woman pleads guilty to defrauding insurance compani - KWWL - Eastern Iowa Breaking News, Weather, Closings

Eastern Iowa woman pleads guilty to defrauding insurance companies

Posted: Updated:

A woman from Dike could spend up to 20 years in federal prison after pleading guilty to mail fraud Monday.

The U.S. Attorney's Office says Melissa Williams, 46, defrauded two insurance companies out of more than $170,000 in sales commissions.

In a plea agreement, Williams admits that while she worked as a policy salesperson she fabricated life insurance applications and would secretly pay the initial premiums on the policies.  She says she fraudulently obtained $170,292.52 in commissions.

Sentencing has not been set.

Williams faces a possible maximum sentence of 20 years’ imprisonment, a fine equal to the greater of twice the gross gain resulting from the offense, twice the gross loss resulting from the offense, or $250,000, a $100 special assessment, and three years of supervised release following any imprisonment.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KWWL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Sandy Youngblut at 319-291-1259. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.