New York insurance agent pleads guilty to running $50 million Ponzi
May 7, 2026 by Bruce Kelly
Wink’s Moore on the Market: Curiously specific article…about a bad actor in the insurance profession.
I just don’t get how people can have a clear conscience, knowing that others will lose their life savings because of your actions. -sjm
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An upstate New York tax preparer and insurance agent on Tuesday pleaded guilty to charges of running a decades-long Ponzi scheme that stole more than $50 million from close to 1,000 investors.
Originally Posted on Apr 30, 2026 by Bruce Kelly.
Categories: Industry Articles
