Ex-insurance agent gets 22 mos. for fraud

2013-03-08T13:30:00Z Ex-insurance agent gets 22 mos. for fraudKimberly Matas Arizona Daily Star Arizona Daily Star
March 08, 2013 1:30 pm  • 

A former insurance agent 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 policies into that account instead of sending them to the Hartford payment center. The couple then transferred the money to a personal bank account. The case was investigated by the IRS and the FBI.

Angulo was remanded 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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