1 year ago
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Warrior man pleaded guilty in fraud scheme
A former insurance agent pleaded guilty in a scheme that bilked customers out of thousands of dollars.According to a news release from the U.S. Attorney for the Northern District of Alabama Prim Escalona, Bret Chappell, 44, of Warrior, pleaded guilty July 26 to one count of mail fraud.According to the plea agreement, Chappell devised a scheme to defraud numerous victims into surrendering their life insurance policies for cash value and then depositing the funds, which totaled more than $862,000, into his personal account.Stay up-to-date: The latest headlines and weather from WVTM 13 Chappell faces a maximum of 20 years in prison.
A former insurance agent pleaded guilty in a scheme that bilked customers out of thousands of dollars.
According to a news release from the U.S. Attorney for the Northern District of Alabama Prim Escalona, Bret Chappell, 44, of Warrior, pleaded guilty July 26 to one count of mail fraud.
According to the plea agreement, Chappell devised a scheme to defraud numerous victims into surrendering their life insurance policies for cash value and then depositing the funds, which totaled more than $862,000, into his personal account.
Stay up-to-date: The latest headlines and weather from WVTM 13
Chappell faces a maximum of 20 years in prison.
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