Insurance agent and wife charged by ICAC over $490,0000 commissions fraud
In the course of a corruption investigation by the ICAC, it was revealed that an insurance agent and his wife had allegedly overstated the wife’s monthly income to deceive the insurer, for which the husband was working, into underwriting a policy for her and releasing commissions and a performance allowance totalling about $490,000 to the husband. The married couple was charged by the ICAC with fraud today (February 28).