Duo charged by ICAC with money laundering for allegedly conspiring with dummy insurance agent to handle $960,000 commissions
In the course of a corruption investigation by the ICAC, it was revealed that two insurance agents allegedly recruited a person to pose as a dummy insurance agent to obtain commissions and bonuses totalling over $960,000 by making false representations that 13 insurance policies were handled by the latter, and collected most of the sum from the dummy insurance agent. The duo were charged with conspiracy to launder crime proceeds yesterday (May 29).