Maryland Woman Convicted: A federal jury convicted Maureen Wilson of Owings Mills, Maryland, for orchestrating a massive insurance fraud scheme involving over 40 life insurance policies worth more than $20 million. She now faces sentencing on June 20.
How Wilson Pulled Off the Scam
According to court records, Wilson and her husband, James Wilson, misrepresented applicants’ health, wealth, and existing life insurance coverage to secure fraudulent policies. She also misled investors into funding the premium payments, promising high returns.
To hide the scheme, Wilson and her husband funneled fraud proceeds through multiple bank accounts, including trusts. Authorities revealed that she failed to report millions in income, filing false tax returns for 2018 and 2019.
Criminal Charges and Sentencing
Maryland Woman Convicted: Wilson faced multiple charges, including conspiracy to commit mail and wire fraud, mail fraud, wire fraud, conspiracy to commit money laundering, money laundering, and filing false tax returns. While the jury acquitted her on one mail fraud charge, she was found guilty on all other counts.
Investigation and Prosecution
The IRS Criminal Investigation unit led the probe, with assistance from the Maryland Insurance Administration and the Maryland Attorney General. Justice Department attorneys Shawn Noud and Richard Kelley, along with Assistant U.S. Attorneys Matthew Phelps and Philip Motsay, handled the prosecution.
Read More Fraud Cases
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