Arkansas man gets 5 years after creating fake firms to defraud insurance customers

[TexasTowelie]

A Fort Smith man has been sentenced to five years in prison after admitting to creating two fictitious companies in a scheme to defraud insurance customers.

Samuel Bowron Phillips, 41, was sentenced Wednesday before Chief U.S. Judge P.K. Holmes III in Fort Smith, according to a news release from U.S. Attorney Kenneth Elser of the Western District of Arkansas.

Phillips was ordered to three years of supervised release on one count each of mail fraud, wire fraud and money laundering. The sentences are to run concurrently.

He must also pay about $1.6 million in restitution to victims who were affected between March 2013 and November 2015, the release states.

Read more: http://www.arkansasonline.com/news/2017/jan/12/arkansas-man-gets-5-years-scheme-defraud-insurance/

[Wellstone ruled]

1. Wonder how many more of these

Thugs are out there.

[WhiteTara]

2. He must be white.

supervised release? To run concurrently? Glad he has to give up money, but he needs jail time.

[TexasTowelie]

3. With the amount of money involved

I agree that some time in jail is necessary. I searched on his name and saw that his insurance agent license was revoked in February of last year so he is going to have a difficult time making restitution.