A Tucson woman, Koreasa (Kory) M. Williams, was sentenced to 51 months in prison after previously pleaded guilty to wire fraud.
According to the Department of Justice, Williams, a licensed insurance agent, admitted that she devised a scheme to defraud nine annuity clients out of $1,064,522.
Williams sent request forms to various life insurance companies seeking to withdraw funds from her clients’ annuities without their knowledge and consent. Williams then directed the life insurance companies to wire the fraudulently obtained funds directly to her personal bank account.
Williams used the mostly elderly victims’ money for her personal benefit.