NewsCovering Kentucky


Licensed Insurance Agent, Indicted And Charged With Three Counts Of Wire Fraud

Posted at 4:19 PM, Dec 26, 2018
and last updated 2018-12-26 16:19:55-05

FRANKFORT, Ky. (LEX 18) – A Madisonville insurance agent has been indicted on three counts of wire fraud.

Jerry Wayne Simpson is accused of knowingly causing Thrivent to wire a total of $258,389.08 into his personal bank accounts from customers who had purchased annuities and life insurance policies. In addition, Simpson allegedly withdrew $248,000 from a client’s bank account and deposited the money into his personal bank account between November 2016 and August 2017.

A date for Simpson to appear in court has not yet been scheduled. If Simpson is found guilty, he could face forfeiture, restitution, $250,000 in fines, and up to 20 years in prison.