Ex-insurance agent gets almost 2 years for fraud

2013-03-09T00:00:00Z 2013-03-09T14:10:14Z Ex-insurance agent gets almost 2 years for fraudKimberly Matas Arizona Daily Star Arizona Daily Star
March 09, 2013 12:00 am  • 

A former insurance agent from Tucson was sentenced this week to 22 months in prison for mail fraud and engaging in an illegal monetary transaction.

Mayra Jeanette Angulo also must pay $953,176. She will split the sum with her ex-husband, Mark Islas. He was sentenced in November to 22 months in prison.

Both were accused of defrauding their former employer, Woodbury Financial Services, a subsidiary of Hartford Financial Services Group, from 2002 to 2007. They deposited premium payments for life insurance into a personal account rather than send them to Hartford. The case was investigated by the IRS and the FBI.

Angulo was taken into custody after the sentencing hearing. She will serve her time first, then, upon release, Islas will serve his sentence, Special Agent Brian Watson, spokesman for the IRS Phoenix office, said in an email.

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