Former Iowa Insurance Agent Sentenced for Ongoing Criminal Conduct

February 15, 2018

A former insurance agent in Bettendorf, Iowa, has been sentenced to five years’ supervised probation for insurance fraud, the Iowa Insurance Division reported

Billie J. Holmberg pleaded guilty in Scott County District Court to the charge of Ongoing Criminal Conduct, a class “B” Felony.

Holmberg was charged in July 2017 following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau that began in April of that year. The Fraud Bureau concluded that Holmberg altered and endorsed a series of checks that totaled more than $7,000.

The checks were from American National Property and Casualty Insurance Co. policyholders and were intended to pay their insurance premiums. Holmberg deposited the checks into her own bank accounts and ultimately used the funds for personal use, the Iowa Insurance Division said.

Homberg’s insurance license was revoked by the division on April 4, 2017.

The criminal prosecution was the result of a collaborative effort of the Scott County Attorney’s Office and the Iowa Insurance Division’s Fraud Bureau.

Source: Iowa Insurance Division

Source: Insurance Journal

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