3 insurance agents sentenced to prison for roles in scheme


SAN FRANCISCO (AP) — Authorities say three California insurance agents were sentenced to prison for participating in a scheme involving fraudulent life insurance policies.

The San Francisco Chronicle reports U.S. Attorney Brian Stretch says Behnam Halali, of San Jose, was sentenced Friday to five years, Ernesto Magat, of Hayward, was sentenced to four years, and Karen Gagarin, of San Jose, was sentenced to three years.

They also were ordered to pay $2.8 million in restitution to American Income Life Insurance Co., the insurance company that employed them.

The three were found guilty of wire fraud and identity theft in March by a jury after a four-week trial.


Information from: San Francisco Chronicle, http://www.sfgate.com

Categories: California News