I-TEAM: Former Insurance Agent Indicted

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Decatur - A former Decatur insurance agent is under indictment for fraud and forgery.

64 year old David Morrow is facing a 16 count indictment.  Ten counts are for forgery.  Three for wire fraud.  And one count each for conversion of client premiums, selling insurance without a license and theft by deception.

Morrow is being charged under the indictment by the Illinois Attorney General.  That office declined an interview request made by the WAND TV I-TEAM.

The Illinois Department of Insurance revoked Morrow's license June 8, 2012.  He continued to sell insurance without a license into August of 2012.  The order to revoke his license also included a $28,500 civil penalty.

Morrow's licenses were revoked after an investigation alleged he issued a fraudulent certificate of insurance, a fraudulent insurance binder, fraudulent auto insurance cards to consumers, misappropriation of fiduciary monies and record keeping violations in a Premium Fund Trust Account.

Morrow was booked by the Macon County Sheriff's Department on Wednesday and released.  His next court hearing is scheduled for February 26th.

 

 

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