PROVIDENCE - A Middletown insurance agent/owner specializing in providing equine insurance coverage who admitted to operating various schemes which defrauded customers, insurance companies, and finance companies of approximately $1.3 million dollars was sentenced yesterday to 36 months in federal prison.

At sentencing, U.S. District Court Judge John J. McConnell, Jr., also ordered Randall N. Levesque, 57, of Middletown, owner of Equine Insurance Services, LLC and Randall Levesque Agency, to serve 3 years supervised release upon completion of his term of incarceration and to pay restitution to the victims of his schemes totaling $1,382,815.08.

Levesque pled guilty on December 12, 2018, to wire fraud.

Levesque’s sentence is announced by United States Attorney Aaron L. Weisman, Special Agent in Charge of the United States Secret Service Stephen Marks, and Superintendent of the Rhode Island State Police Colonel James M. Manni.

At the time of his guilty plea, Levesque admitted to the Court that he overbilled and double-billed customers when billing their credit cards for premiums due on policies, some of which the client did not request or did not agree to finance, at times forging the customers’ signature; collected premiums on insurance policies issued by at least two insurance companies but, upon receipt from customers, did not forward the payments to the insurance companies; and, at times, financed premiums and received funds on behalf of customers without the customers’ consent or knowledge, and submitted financing agreements to finance companies for fictitious customers, for whom there were no policies.

According to Court documents, Levesque collected but did not remit to insurance companies over $800,000 in premiums; fraudulently obtained over $500,000 in financed premiums from at least two finance companies; and charged customers’ credit cards a total of approximately $80,000 for premiums that he failed to provide to insurance companies.

The case was prosecuted by Assistant U.S. Attorney Sandra R. Hebert. The matter was investigated by the United States Secret Service and Rhode Island State Police.

PROVIDENCE - A Middletown insurance agent and agency owner who specializes in providing equine insurance coverage today admitted to operating schemes which defrauded customers, insurance companies, and finance companies of approximately $1.3 million dollars.

Appearing before U.S. District Court Judge John J. McConnell, Jr., Randall N. Levesque, 57, of Middletown, owner of Equine Insurance Services, LLC and Randall Levesque Agency, pled guilty to an information charging him with wire fraud, announced United States Attorney Stephen G. Dambruch, Special Agent in Charge of the United States Secret Service Stephen Marks, and Superintendent of the Rhode Island State Police Ann C. Assumpico.

According to court documents, Levesque overbilled and double-billed customers when billing their credit cards for premiums due on policies, some of which the client did not request or did not agree to finance, at times forging the customers’ signature; collected premiums on insurance policies issued by at least two insurance companies but, upon receipt from customers, did not forward the payments to the insurance companies; and, at times, financed premiums and received funds on behalf of customers without the customers’ consent or knowledge, and submitted financing agreements to finance companies for fictitious customers, for whom there were no policies.

According to Court documents, Levesque collected but did not remit to insurance companies over $800,000 in premiums; fraudulently obtained over $500,000 in financed premiums from at least two finance companies; and charged customers’ credit cards at total of approximately $80,000 for premiums that he failed to provide to insurance companies.

Levesque is scheduled to be sentenced on March 12, 2019.

Wire fraud is punishable by statutory penalties of up to 20 years in federal prison, a fine of $250,000 or not more than twice the gross gain or twice the gross loss from the offense, and a term of supervised release of up to 3 years.

The case is being prosecuted by Assistant U.S. Attorney Sandra R. Hebert. The matter was investigated by the United States Secret Service and Rhode Island State Police.

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PROVIDENCE - A Middletown insurance agent and agency owner who specializes in providing equine insurance coverage has been charged in U.S. District Court in Providence with allegedly orchestrating a scheme which defrauded customers, insurance companies, and finance companies of approximately $1.3 million dollars.

Randall N. Levesque, 57, of Middletown, owner of Equine Insurance Services, LLC and Randall Levesque Agency, has been charged by way of a federal criminal complaint with wire fraud and aggravated identity theft, announced United States Attorney Stephen G. Dambruch, Special Agent in Charge of the United States Secret Service Stephen Marks, and Superintendent of the Rhode Island State Police Ann C. Assumpico.

According to court documents, it is alleged that Levesque overbilled and double-billed customers when billing their credit cards for premiums due on policies, some of which the client did not request or did not agree to finance, at times forging the customers’ signature; collected premiums on insurance policies issued by at least two insurance companies but, upon receipt from customers, did not forward the payments to the insurance companies; and, at times, financed premiums and received funds on behalf of customers without the customers’ consent or knowledge, and submitted financing agreements to finance companies for fictitious customers, for whom there were no policies.

It is alleged in Court documents that Levesque collected but did not remit to insurance companies over $800,000 in premiums; fraudulently obtained over $500,000 in financed premiums from at least two finance companies; and charged customers’ credit cards at total of approximately $80,000 for premiums that he failed to provide to insurance companies.

Levesque made an initial appearance on Tuesday in U.S. District Court before U.S. Magistrate Judge Patricia A. Sullivan, and was released on $10,000 unsecured bond.

A criminal complaint is merely an allegation and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.

The case is being prosecuted by Assistant U.S. Attorney Sandra R. Hebert. The matter was investigated by the United States Secret Service and Rhode Island State Police.

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