The Trade Fraud Bureau has officially charged Minnesota dealer Kevin Anthony Meyers for his alleged involvement in a $650,000 fraud scheme.

The group discovered proof that Meyers invented consumers and faked Social Safety numbers with operating for Cigna Corp from 2018 to 2020.

401 lifestyles insurance coverage insurance policies Meyers claimed to have bought between Might 2018 to June 2019 by no means generated a top rate fee to Cigna, whilst one of the vital Social Safety numbers didn’t exist or belonged to those who had died, in keeping with a Trade Division information unlock.

One of the intended consumers informed investigators they knew Meyers however had no longer bought any insurance coverage from him, it’s been alleged. Meyers additionally earned commissions after reporting gross sales to staff of an organization known as Synergy Advantages Answers. Investigators concluded that Meyers used to be the only proprietor of Synergy, it used to be mentioned within the unlock.

The costs allege that Meyers used those fraudulent profits to buy vehicles, aircraft tickets and to buy, together with a $76,000 to a Jaguar Land Rover broker whilst additionally chickening out $100,000 in money.

Meyers should pay off $648,000 to Cigna inside 5 years. The Division of Trade, which licenses insurance coverage agents in Minnesota, revoked his insurance coverage license retroactively and imposed a civil penalty of $100,000, which can be waived when he repays Cigna in complete.

The costs in opposition to Meyers come with six prison counts of fraud, robbery by way of swindle and id robbery, with probably the most severe counts sporting a sentence of as much as two decades in jail and a fantastic of $100,000. His first look in Ramsey County District Court docket is ready for Oct. 10.

“We’re thankful for the arduous paintings of the Minnesota Division of Trade fraud investigators to deliver this situation ahead to our place of work,” mentioned Ramsey County Lawyer John Choi.

“The weight of this sort of fraud is shouldered by way of the general public thru will increase in insurance coverage charges, and the regulation enforcement center of attention on uncovering this sort of monetary fraud is our precedence.”