United Group Insurance

Former insurance agent accused of fraud gets probation

News

May 30th, 2018 by Ric Hanson

DES MOINES, Iowa (AP) — A former insurance agent in Polk County accused of fraud has been given two years of probation. Court records show 39-year-old Nicholas Menough, of Grimes, last week pleaded guilty to misdemeanor theft, identity theft and fraudulent practice. He also was given a suspended prison sentence of six years and was told to pay restitution. The amount’s not yet been determined.

Prosecutors say Menough falsified insurance policy applications and altered financial documents related to the sale of insurance policies. Prosecutors say the scheme reaped him more than $10,000 in advance commission payments and bonuses.