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Michigan Woman Charged With Embezzling Nearly $1 Million From Life Insurance Policyholders

A Michigan woman, Bobbie Jo Fritz, was arraigned on Monday on charges she embezzled nearly a million dollars through a life insurance scheme she devised while working as a secretary/bookkeeper at a local insurance agency. The charges allege that Fritz “borrowed money” from five different victim’s whole life insurance polices during a time period spanning from October of 1996 until August 2005, and diverted the funds to personal use. An invesetigation was launched when a family member of one of the victims noticed certain improprieties in their life insurance policy account. See the full story here in the online Huron Daily Tribune.

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