A Baltimore County jury found a Parkville man guilty of 10 felony counts of insurance fraud by acting as an insurance agent without a license.
The jury found that he acted as an insurance agent without a license by selling annuity policies on 10 occasions from 2021 to 2024, pocketing more than $88,000 in commissions, all of which were sold after the Maryland Insurance Administration (MIA) revoked his license in 2019 for misappropriating premium payments. After his license had been revoked, he set up another business, Wise Money Group, and recruited another licensed agent to sign annuity applications for policies sold. Source: oag.maryland.gov