An old security manager who for two years diverted payments from the claims of good ones to himself now begins a sentence of 20 months in prison.
A Federal Judge of New Haven, Conn., Condemned James Keating, 52, by Paoli, Pa., At the end of January in prison, followed by three years of supervised release, for defrauding his former businessman, Allied World Insurance Co., of more than $ 1.4 million. Keating had stated guilty in July of wiring fraud.
Judge Victor A. Bolden He also ordered Keating to pay a restitution of $ 1.2 million, which represents the loss of the allied world less than $ 220,000 previously reimbursed as part of a civil court.
According to federal prosecutors that had been detained by Keating last year, he was an assistant vice president who managed Supply Claus claims for the Allied world. Later he had the same functions that worked at US Fire Insurance Co., a Crum & Forster subsidiary.
“All bail claims were managed through the offices of the allied world at Farington, Connecticut,” said Mark H. Silverman.
Keating operated three Shell companies between 2017 and 2021, according to federal prosecutors.
One of Shell’s companies billed the world in Allied for unnecessary claim work that were not performed, according to prosecutors. Another requested and received receipts from the vendors of the allied world without the knowledge of his employer. Keating also caused these sellers to use another company in which he had an unpayed property interest.
In arguing that Keating, 51, should only be sentenced to probation, his lawyer cited his “chronic dissociative symptoms” and “a tendency toward hyper -targeted goals”, as factors to consider. These factors explain “how someone who has lived a life that respects the law could have strengthened their conduct,” they wrote in a note to the court.
Prosecutors, when applying for a prison sentence, argued that the judge’s use of Keating from the funds obtained fraudulently included payments with credit cards, landscaping at their home and $ 72,000 spent on a golf club near their home.
