DALLAS (AP) – A former North Texas insurance salesman has been sentenced to 10 years in prison and must repay more than $9.3 million in a fraud case.
Federal prosecutors in Dallas say 76-year-old Robert Hague-Rogers of Frisco wrongly took money from insurance-related accounts for his personal use.
Hague-Rogers in April pleaded guilty to conspiracy to commit theft from an employee benefit plan. Hague-Rogers also pleaded guilty to conspiracy to commit health care fraud.
Investigators on Wednesday announced the sentence for Hague-Rogers over the 2011 scam as he ran H.R. Financial Services and H.R. Sales and Marketing in Dallas.
Prosecutors say the businessman spent the funds on luxury vehicles, homes and private life insurance policies.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Also Check Out: