NBC15 WMTV | Madison, WI | News

UPDATE: Former Dodgeville insurance agent sentenced for fraud

UPDATED Friday, July 12, 2013 --- 8:14 p.m.

A former Dodgeville insurance agent convicted of wire fraud is sentenced to 18 months in federal prison.

According to court officials, 52-year-old Suzanne Gannon-Anderson of Prairie du Chien received that sentence along with three years of supervised release.

Gannon-Anderson was accused of committing multiple wire fraud transactions from November of 2007 through January 2008.

She pleaded guilty to one count of wire fraud in April of 2013.

Gannon-Anderson was owner of SGA Insurance Services in Dodgeville when she commuted the fraud. According to court officials, Gannon-Anderson represented to SGA customers and premium finance companies that she would pay the insurance premiums she received from customers, or on behalf of customers from premium finance companies, to the insurers for their insurance coverage.

Instead she deposited premiums into her personal operating account, converted the premiums to her own use and failed to pay the premiums to the insurers or their brokers on behalf of the customers as promised.

_____________________________________________

Posted Thursday, November 8, 2012 --- 8:20 a.m.

From the Department of Justice:

Suzanne Gannon-Anderson, 51, Dodgeville, Wis., is charged with six counts of wire fraud.

The indictment alleges that from May 2007 through April 2008, she devised a scheme to defraud insurance customers, her employer Associated Insurance Agency, Inc. (AIA) of McFarland, Wis., and premium finance lenders.

The indictment alleges that Gannon-Anderson sold her ownership interest in SGA Insurance Services LLC, operating in Dodgeville, to AIA in May 2007.

The indictment further alleges that she created false premium finance loan applications on behalf of customers who did not request or authorize financing applications, and on behalf of false customer identities she had created.

It is alleged that she directed the premium finance companies to deposit the proceeds of the loans into her personal operating account, and that she paid her personal expenses, credit card payments, car payments and wrote checks for personal purchases from her personal operating account.

If convicted, Gannon-Anderson faces a maximum penalty of 20 years in federal prison on each count.

The charges against her are the result of an investigation by the U.S. Postal Inspection Service. The prosecution of this case has been assigned to Assistant U.S. Attorney Robert A. Anderson.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
NBC15 615 Forward Drive Madison, Wisconsin 53711 Business: 608-274-1515 Newsroom: 608-274-1500
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 177852131