PROVIDENCE, R.I. (AP) - A Rhode Island insurance agent who specializes in insuring horses has pleaded guilty to defrauding clients, insurance companies and finance companies out of $1.3 million.
Federal prosecutors in Rhode Island say 57-year-old Randall Levesque, owner of Equine Insurance Services LLC and Randall Levesque Agency, in Middletown, pleaded guilty Wednesday to wire fraud.
Authorities say Levesque overbilled and double-billed customers, sometimes forging their signatures; collected $800,000 in premiums from customers he did not forward to insurance companies; and submitted financing agreements to finance companies for fictitious customers.
He faces a maximum of 20 years in prison at sentencing scheduled for March 12.
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