Life and CI salesman sentenced in £8k commission fraud

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An insurance agent who sold fictitious life and critical illness cover policies in order to pocket thousands in commission fees has been handed a nine month suspended sentence.

Ahmad Sherazi, 38, of Foxes Parade, Waltham Abbey pleaded guilty to fraud by false representation and was sentenced on 3 September at the Old Bailey to nine months imprisonment (suspended for two years) and also ordered to carry out 90 hours of unpaid work. Sherazi committed the fraud when he was working for Eunisure as a self-employed agent, submitting 32 fraudulent applications for life and critical illness insurance policies using false names, addresses and bank account details. For each policy incepted, he would receive a commission payment and Sherazi pocketed £8,000 from the fra...

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