COLUMBUS – Former Warren insurance agent Timothy J. Mulvey was sentenced today in the Trumbull County Court of Common Pleas to five years of community control, 17 months of suspended prison time, 60 days in the Warren Alternative Sentencing Program and to pay restitution for stealing $52,325.46 of his clients’ premium payments, Lieutenant Governor and Department of Insurance Director Mary Taylor announced.
“It is unfortunate that someone who is supposed to be a trustworthy member of the community decided to abuse that privilege,” Taylor said. “I appreciate the effort put forth by the investigative team to send the message that this type of conduct will not be tolerated in Ohio.”
An investigation initiated by the Ohio Department of Insurance found that Mulvey, owner of Mulvey Insurance Agency, failed to forward multiple premiums payments from his clients to the insurance companies. Mulvey instead kept the money for his personal use.
Mulvey surrendered his Ohio insurance agent and the Mulvey Insurance Agency licenses in April 2013.
If you believe someone may be committing insurance fraud or professional misconduct, the Department urges people to call its fraud hotline at 1-800-686-1527. Insurance fraud information is available at www.insurance.ohio.gov.