Ex-Life Insurance Broker Sentenced for $700K Client Fraud and Tax Evasion
Ronald Scott Daley, a former life insurance broker in Miamisburg, was sentenced to four and a half years in prison and two years of supervised release for defrauding clients of over $707,000. Daley persuaded clients to withdraw firm assets and deposit them into their personal accounts, then transferred those funds to accounts he controlled without their knowledge. He also pleaded guilty to wire fraud and tax evasion, failing to report the illicit income to the IRS.