Ep 10: $2.9M Family Scheme, 700+ Fake Policies & the Right Way to Win

19 Aug 2025 · 36 min
Episode

19 Aug 2025 · 36 min

0:00

Podcast episode (hosts Betsy K. Barr and Javon Spencer) reviewing recent life-insurance fraud cases and offering industry advice. Major cases discussed: a Stevenson family scheme where two life policies paid $2.9M after a healthy stand-in impersonated an ill relative (report lists the ill relative’s undisclosed diabetes and weight of 387 lbs; defendants Mitch Stevenson, 53; Patricia Stevenson, 57; Candace Stevenson, 30; charged with money laundering and conspiracy); a Jacksonville case alleging that agent Shawana Williams sold/forged 746 Aflac policies covering 192 employees from 14 companies (documents were fraudulent; reported potential commissions in excess of $120,000 over 11 months plus $3,000 contest payments); host discussion of legitimate cancer insurance and ethical sales practices; brief mentions of additional alleged schemes (33 policies on 29 people in Tallahassee). Episode purpose: fraud awareness, warning signs, and promoting verified/ethical agents.

Questions this episode answers

$2.9 million (two claims totaling $2.9M).

Diabetes and a weight of 387 pounds (plus other conditions).

Mitch Stevenson (53), Patricia Stevenson (57), Candace Stevenson (30).

Charged with money laundering (up to 20 years per charge) and conspiracy to launder money (10 years).

746 policies (allegedly sold to 192 employees from 14 companies).

More from Betsy

PodcastEp 17: Church Group Insurance Fraud, Broken Promises & Debt-Free Life
Podcast

Ep 17: Church Group Insurance Fraud, Broken Promises & Debt-Free Life

1y ago
PodcastEp 17: Church Group Insurance Fraud, Broken Promises & Debt-Free Life
Podcast

Ep 17: Church Group Insurance Fraud, Broken Promises & Debt-Free Life

1y ago
PodcastEp 16: $600K Scam, Exploited Seniors & Final Wishes That Matter
Podcast

Ep 16: $600K Scam, Exploited Seniors & Final Wishes That Matter

1y ago
PodcastEp 16: $600K Scam, Exploited Seniors & Final Wishes That Matter
Podcast

Ep 16: $600K Scam, Exploited Seniors & Final Wishes That Matter

1y ago
PodcastEp 15: $20K Fraud Case & Why a Tax-Free Retirement Beats a 401(k)
Podcast

Ep 15: $20K Fraud Case & Why a Tax-Free Retirement Beats a 401(k)

1y ago
PodcastEp 15: $20K Fraud Case & Why a Tax-Free Retirement Beats a 401(k)
Podcast

Ep 15: $20K Fraud Case & Why a Tax-Free Retirement Beats a 401(k)

1y ago
PodcastEp 14: $100K Fraud Case & What You Must Know About Term Life Insurance
Podcast

Ep 14: $100K Fraud Case & What You Must Know About Term Life Insurance

1y ago
PodcastEp 14: $100K Fraud Case & What You Must Know About Term Life Insurance
Podcast

Ep 14: $100K Fraud Case & What You Must Know About Term Life Insurance

1y ago
PodcastEp 13: $500K Betrayal & The Truth About Mortgage Insurance
Podcast

Ep 13: $500K Betrayal & The Truth About Mortgage Insurance

1y ago
PodcastEp 13: $500K Betrayal & The Truth About Mortgage Insurance
Podcast

Ep 13: $500K Betrayal & The Truth About Mortgage Insurance

1y ago
PodcastEp 12: $10K Scam, Final Expense Coverage & The No GoFundMe Campaign
Podcast

Ep 12: $10K Scam, Final Expense Coverage & The No GoFundMe Campaign

1y ago
See all content