Virginia Beach man convicted of defrauding life insurance companies
NORFOLK, Va. (WAVY) — A Virginia Beach man was sentenced Friday to more than two years in prison for defrauding life insurance companies.
Court documents show Michael Leonard Morgan-Towe, 37, collected about $150,000 in fraudulent advance commissions from life insurance companies in 2018. He recruited people by falsely promising them months of ‘free’ life insurance if they provided their personally identifiable information. .
Morgan-Towe and Antionette D. Pringle got the silver together.
Pringle, a licensed insurance agent in Virginia, would then use the information to submit life insurance claims, falsifying their earnings to look like they could afford the monthly premiums.
She occasionally misrepresented their medical condition to ensure that their application would be approved.
Thousands of dollars in advance commissions would soon be sent to Pringle who would split them with Morgan-Towe.
Pringle was sentenced to 4 years in prison in December 2020.
Morgan-Towe was later sentenced to 27 months in prison.