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Former MN insurance broker charged with fraud for fake customer scheme
CBS News WCCO
MINNEAPOLIS -- A former Minnesota insurance broker was charged for fraud after an investigation by the Minnesota Commerce Fraud Bureau found he invented fake customers and Social Security numbers.
Charges filed earlier this month at the Ramsey County District Court alleged Kevin Meyers, 48, submitted hundreds of policy applications from fake customers while working at Cigna between 2018 to 2020.
While Meyers was employed at Cigna, he was eligible for commissions before customers paid premiums, said a press release from the Minnesota Department of Commerce.
During the investigation, officials say they found 401 life insurance polices Meyers claimed to have sold from May 2018 to June 2019 never generated a premium payment to Cigna. Also, some of the Social Security numbers on the policies did not exist or had belonged to deceased people.