Life insurance agent found guilty in commission scam

Handed one year suspended sentence

clock • 2 min read

An insurance agent who sold fictitious life insurance policies to pocket thousands in commission payments has been handed a 12 month prison sentence suspended for two years.

Between July 2014 and March 2015, Bandagu Manzeke submitted 30 insurance policies using false names, addresses and details. For each policy incepted Manzeke would receive a commission payment and he pocketed just over £7,200 from the scam. He was working as a self-employed agent for broker Eunisure, who uncovered the fraud. Details were passed to officers in the Insurance Fraud Enforcement Department (IFED), part of the City of London Police, to carry out a criminal investigation. Manzeke of Church Lane, Hornsey, London, was sentenced on Wednesday 30 March to 12 months' imprison...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read
Is price really still king? Why the protection market needs to evolve

Is price really still king? Why the protection market needs to evolve

Data and process improvement will be 'battlegrounds of tomorrow'

Paul Yates
clock 18 March 2024 • 3 min read
Protection sales down 102,000 in 2023; adviser focus labelled 'crucial'

Protection sales down 102,000 in 2023; adviser focus labelled 'crucial'

'Income protection products are more important than ever'

Cameron Roberts
clock 26 February 2024 • 1 min read