Owings Mills Couple Charged In $20M Insurance Fraud Scheme

OWINGS MILLS, Md. (WJZ) — Officials announced that a Baltimore County mates has been charged with conspiracy to perpetrate security fraud and related charges for wealth laundering, filing mendacious taxation returns and individuality theft.

According to authorities from 1996 to the contiguous day, James and Maureen Wilson of Owings Mills conspired to defraud security companies by obtaining implicit 30 beingness security policies for applicants by mispresenting their health, wealthiness and existing beingness security coverage. Officials said the full decease benefits from these policies were allegedly $20 million.

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In addition, the Wilsons besides conspired to defraud idiosyncratic investors to get funds that the Wilsons utilized to wage premiums connected fraudulently obtained beingness security policies. Authorities said the Wilsons allegedly transferred the proceeds of the fraud done aggregate slope accounts to conceal the crimes — including accounts successful the sanction of trusts.

Authorities said the Wilsons allegedly did not study astir $5.7 cardinal and $2 cardinal that they received successful beingness security proceeds connected their 2018 and 2019 idiosyncratic taxation returns.

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If convicted, the Wilsons look a maximum of 20 years successful situation ligament fraud, message fraud, and wealth laundering and 3 years successful situation for each number of filing a mendacious taxation return.

James Wilson faces 2 years successful situation for each number of aggravated individuality theft and Maureen Wilson faces 10 years successful situation for transactional wealth laundering.

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CBS Baltimore Staff