What happened to Jeffrey Cohen? Find out more about the insurance fraudster and his allegations here!
In addition, his case has caught media attention for such crimes on every nook and cranny.
What happened to Jeffrey Cohen? Where is he now?
Jeffrey Cohen is currently incarcerated in a Baltimore prison serving a 37-year sentence.
Although the exact details of Cohen’s whereabouts are still being investigated, he is currently under the watchful eye of the law.
His crime is not so easily forgiven or forgotten by the public.
Therefore, he often uses the internet search bar.
Jeffrey Cohen investigating insurance fraud charges
Indemnity Insurance Corp., a Sparks-based insurance company, was owned by Jeffrey Cohen.
More than 5,000 policyholders had paid more than $ 100 million in premiums to the company.
However, the people who paid the premiums did not have the coverage they thought they had.
Cohen had cheated his customers out of premiums in the millions.
According to the Baltimore Sun, Cohen was a serial cheater who cheated on people from 2008 to 2013.
In 2014 he was finally arrested and tried.
Cohen and his company had faked money transfers, bank statements, and letters of credit for over five years.
Feds say the bar bouncer turned insurance mogul Jeffrey Cohen fraudulently collected more than $ 137 million in premiums from high-risk customers. How did he do it and what did he do when his conspiracy was exposed? #American greed is brand new TODAY NIGHT at a special time – 9 p.m. ET / PT on CNBC! pic.twitter.com/dm8ds4HiLS
– American Greed (@AmericanGreedTV) October 22, 2018
They did this to create the impression that financial rating and accounting firms could afford to cover more potential insurance payouts than it could.
In addition, he planned to murder in order to hide his fraudulent plans, which Cohen denied.
Cohen appeared in court with 31 fraud cases, which he initially denied.
However, he later made a plea and was sentenced to 37 years in prison with an order to repay his victims $ 137 million.
Jeffrey Cohen Wife: Is He Married?
Jeffrey Cohen has not disclosed any details about his personal life, including information about his wife.
According to the Daily Record, Cohen worked hard to keep his personal information and those around him out of the spotlight.
When American Greed was about to begin filming his case, he asked federal prosecutors to keep his personal information out of the public eye.
Jeffrey Cohen’s net worth
Cohen’s current net worth is currently unavailable.
Meanwhile, former insurance manager Jeffrey Cohen – convicted of running a Ponzi program – is in federal court on the third day of conviction. 3 days!
– Justin Fenton (@justin_fenton) September 10, 2015
At the height of his career, he paid himself $ 96,000 a month.
He had also amassed assets like a waterfront home in Florida, three in Maryland, and vehicles like a company owned Aston Martin and a Lexus SUV marked “RISKTKR”.