Arkansas

TexasTowelie

(117,556 posts) Thu Jan 12, 2017, 08:25 PM Jan 2017

Arkansas man gets 5 years after creating fake firms to defraud insurance customers

A Fort Smith man has been sentenced to five years in prison after admitting to creating two fictitious companies in a scheme to defraud insurance customers.

Samuel Bowron Phillips, 41, was sentenced Wednesday before Chief U.S. Judge P.K. Holmes III in Fort Smith, according to a news release from U.S. Attorney Kenneth Elser of the Western District of Arkansas.

Phillips was ordered to three years of supervised release on one count each of mail fraud, wire fraud and money laundering. The sentences are to run concurrently.

He must also pay about $1.6 million in restitution to victims who were affected between March 2013 and November 2015, the release states.

Read more: http://www.arkansasonline.com/news/2017/jan/12/arkansas-man-gets-5-years-scheme-defraud-insurance/

3 replies

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Arkansas man gets 5 years after creating fake firms to defraud insurance customers (Original Post) TexasTowelie Jan 2017 OP

Wonder how many more of these Wellstone ruled Jan 2017 #1

He must be white. WhiteTara Jan 2017 #2

With the amount of money involved TexasTowelie Jan 2017 #3

Wellstone ruled

(34,661 posts)

1. Wonder how many more of these

Reply to TexasTowelie (Original post)

Thu Jan 12, 2017, 08:29 PM

Jan 2017

Thugs are out there.

WhiteTara

(30,227 posts)

2. He must be white.

Reply to TexasTowelie (Original post)

Thu Jan 12, 2017, 08:59 PM

Jan 2017

supervised release? To run concurrently? Glad he has to give up money, but he needs jail time.

TexasTowelie

(117,556 posts)

3. With the amount of money involved

Reply to WhiteTara (Reply #2)

Fri Jan 13, 2017, 12:11 AM

Jan 2017

I agree that some time in jail is necessary. I searched on his name and saw that his insurance agent license was revoked in February of last year so he is going to have a difficult time making restitution.

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