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Former Insurance Agency Owner Pleads Guilty to Defrauding Clients Out of More Than $500,000 (United States Attorney's Office for the Northern District of Oklahoma)

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(Source: United States Attorney's Office for the Northern District of Oklahoma) TULSA, Okla.-A former insurance agent and owner of Grand Lake Investments and Insurance in Grove, Oklahoma, pleaded guilty today to implementing a fraudulent scheme that caused his clients to lose $505,126.43, announced United States Attorney Danny C. Williams for the Northern District of Oklahoma, Special Agent in Charge R. Damon Rowe of the Internal Revenue Service-Criminal Investigation and Oklahoma Insurance Commissioner John D. Doak. 'The defendant perpetrated a scheme to defraud his clients who entrusted him with their...

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