William Liebl, 30, of Okarche turned himself in to authorities on July 14 after facing a felony charge of embezzlement after an insurance fraud investigation. Liebel defrauded an Oklahoma couple by skimming part of their insurance premium payments while he worked as an insurance agent in Edmond.
He accepted more than $2,000 in annual premiums for home and auto insurance coverage. He also transferred portions of the payments into his own personal bank account, rather than applying it to the customer’s insurance policies.
The investigators of Oklahoma’s Insurance Department’s Anti-Fraud Unit said that the victims were told their policy had been canceled due to non-payments they attempted to collect for home damage following an Oklahoma hailstorm.
On June 29, Liebl had one felony charge of embezzlement filed against him by the Attorney General’s Office and the Insurance Department revoked his license that same day.
Insurance Commissioner John Doak said that the charges made it eveident that the state is serious about cracking down on insurance fraud.