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Former Bedford Insurance
Agent Sentenced for Wire Fraud
CONCORD, NH—Raymond H. Douville, 54, who is also known
as Raye Ellen Douville, was sentenced today to two years in federal prison for committing
wire fraud in connection with defrauding clients of her former insurance agency. Douville
was also ordered to pay a total of $164,491.08 in restitution to the victims she defrauded.
From about October, 2001, through about September, 2003, Douville, who resides in
Bedford, New Hampshire, operated an insurance agency that catered to the insurance needs
of small, independently owned trucking companies. Many of Douville’s clients borrowed
funds from a finance company to cover the costs of most of their annual insurance premiums.
The finance company wired loan proceeds to Douville’s business bank accounts to be held in
trust for Douville’s clients. Douville was required to use those funds to pay the annual
insurance premiums due on her client’s insurance policies. Instead of paying the annual
premiums, however, Douville used her client’s funds for her personal benefit, which left her
clients uninsured but still obligated to repay their loans to the finance company. Douville
defrauded twelve New Hampshire businesses and embezzled over $100,000.
In August, 2008, a federal grand jury indicted Douville for wire fraud. Douville
pleaded guilty to that charge on January 13, 2009.
The court ordered Douville to report to federal prison to begin serving her sentence by
2:00 p.m. on June 19, 2009. Until then, Douville was released on bail conditions under the
supervision of the United States Probation Office.
This case was investigated by the FBI and was prosecuted by Assistant United States
Attorney Mark S. Zuckerman. Press Releases | Boston Home
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