Ex-Life Insurance Broker Sentenced for $700K Wire Fraud and Tax Evasion

Ronald Daley, a former life insurance brokerage employee, was sentenced to 54 months in federal prison after pleading guilty to wire fraud and tax evasion. From 2012 to 2020, Daley defrauded clients, including elderly individuals, by convincing them to transfer assets into accounts he controlled, resulting in losses of over $707,000. Additionally, Daley failed to report the fraudulent income, leading to further tax evasion charges.