CINCINNATI – A previous insurance plan agent was arrested this morning on federal expenses alleging he defrauded dozens of victims in the Cincinnati and Dayton place and fraudulently attained two COVID Paycheck Protection Program financial loans.
Seneca Birchmore, 44, of Cincinnati, missing his license as an insurance policy agent in 2019 since he was producing coverage insurance policies for men and women who did not want them so that he could obtain the commissions.
In accordance to courtroom paperwork, after getting rid of his license, Birchmore then stole the identities of two other insurance plan brokers and employed people identities to write a lot more life insurance procedures for prospects who did not want them. It is alleged Birchmore experienced the commissions from dozens of area customer victims deposited into his very own financial institution accounts.
Local legislation enforcement departments been given complaints from victims that funds was becoming instantly withdrawn from their bank accounts for insurance policies procedures they never requested. Quite a few of the victims are senior citizens, and most reside in Dayton, Englewood, Middletown and Cincinnati.
The commissions for Birchmore’s unique fraudulent insurance coverage guidelines less than his possess name as an agent totaled additional than $8,000. The commissions for insurance policies developed underneath the stolen identities of other agents totaled a lot more than $80,000.
It is also alleged that, in a separate scheme, Birchmore fraudulently attained two COVID Paycheck Safety Program loans totaling additional than $40,000. Birchmore allegedly claimed on each mortgage purposes that he owned a enterprise in his name and said his gross money for 2019 was a lot more than $13 million. It is alleged that no such enterprise exists.
Fraud in relationship with crisis gains is a federal criminal offense punishable by up to 30 years in prison. Social safety fraud carries a opportunity highest penalty of five many years in prison and aggravated identity theft features a required two many years of imprisonment.
Kenneth L. Parker, United States Legal professional for the Southern District of Ohio, was joined by the Social Stability Workplace of Inspector Typical, U.S. Magic formula Assistance, Ohio Office of Insurance coverage, Ohio Bureau of Motor Autos, U.S. Section of Labor Business office of Inspector Standard, U.S. Marshals Support, Butler County Sheriff’s Business office and Cincinnati Police Section in announcing the prices. Specific Assistant United States Attorney Timothy Landry is symbolizing the United States in this circumstance.
A felony criticism basically consists of allegations, and defendants are presumed harmless unless demonstrated guilty in a courtroom of regulation.
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