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Former Grimes insurance agent pleads guilty in insurance fraud case

New IdentityTheft Scam

A former Grimes insurance agent pleaded guilty to third degree theft, identity theft and third degree fraudulent practice in Polk County on May 23. Nicholas Menough, a former Farm Bureau Financial Services, received suspended sentences and was put on probation for all three charges.

Menough was originally charged with two counts each of second degree theft, forgery, insurance fraud – presenting false information, identity theft over $1,000 and second degree fraudulent practice.

Menough’s plea reduced one count of second degree theft down to third degree theft, one count of identity theft over $1,000 down to identity theft under $1,000, and one count of second degree fraudulent practice down to third degree fraudulent practice. All of the other charges were dismissed by Judge Heather Lauber.

Menough was sentenced to two years in prison for each charge with each sentence suspended and credit for time already served. Additionally, he received two years of probation for each charge and is required to submit a DNA sample.

A news release from the Iowa Insurance Division back in March stated that Menough had allegedly “engaged in falsifying insurance policy applications and altering financial documents related to sale of insurance policies in order to receive advanced sales commissions.” He was arrested on Feb. 5 following the conclusion of an investigation by the IID’s Fraud Bureau that began in April of 2017.

According to IID documents, Menough accepted a voluntary forfeiture of his license in July 2017.

The Farm Bureau Financial Services branch he worked for was located at 3100 Southeast Grimes Boulevard in Grimes and is listed on Google as “permanently closed.”

Source: on 2018-05-24 17:44:52

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