Federal and International

Decatur Insurance Agent Sentenced for Fraud Scheme, Money Laundering

Department of Justice, insurance agent sentenced
Source: justice.gov

Peoria, IL-(ENEWSPF)- Chief U.S. District Judge James E. Shadid on July 20 sentenced James P. Smith, an independent insurance agent, to 63 months in federal prison for defrauding his clients from February 2011 to July 2016. Smith, 61, of the 5400 block of Traughber Road, Decatur, Ill., was also ordered to pay $349,777 in restitution to victims of his crime. Upon release from prison, the court ordered that Smith remain on supervised release…

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