OLATHE – A former Johnson County insurance agent has been sentenced to 24 months of probation on insurance fraud charges and ordered to repay nearly $86,000 in restitution, Kansas Attorney General Derek Schmidt said today.
Armond R. Peghee, 42, pleaded guilty in January in Johnson County District Court to one count of fraudulent insurance act, one count of theft, one count of unlawful acts concerning computers, and three counts of identity theft. Peghee also agreed to repay $85,897.87 in restitution. Johnson County District Court Chief Judge Thomas Kelly Ryan yesterday sentenced Peghee to the terms of the plea agreement reached in January, and additionally imposed a $5,000 fine.
An investigation by the Kansas Insurance Department determined that Peghee engaged in a fraudulent scheme where he submitted false applications for insurance policies for his customers without his customers’ knowledge. Peghee would receive the commission for the sale of the policies. The customers were unaware of the policies and the premiums went unpaid. The policies were eventually canceled for nonpayment, but investigators found Peghee kept the commissions.
The case was prosecuted by Assistant Attorney General Paul Brothers of the Fraud and Abuse Litigation Division in Schmidt’s office.
Source: Kansas Insurance Department
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”
