Maryland AG lands second insurance fraud conviction against same advisor

A Maryland repeat offender has been convicted of insurance fraud twice in under a year, a Baltimore case laying bare how revoked agents keep selling while carriers fail to look past the name on an application.

A Baltimore County jury has returned a guilty verdict against a Parkville financial advisor on multiple felony insurance fraud charges, marking his second conviction within a year, according to Maryland Attorney General Anthony Brown.

Michael C. Okolo, 68, was found guilty on 10 felony counts tied to acting as an insurance agent without a valid license…

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