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WICHITA, Kansas – A federal investigator says a former Wichita insurance agent pulled off a very bold crime. Now they are indicting the man on 51 counts.
U.S. Attorney for Wichita, Barry Grissom, believes his office has a solid case against 51-year-old Jason Matthew Pennington of Bel Aire.
Grissom released a statement, explaining the case against Jason M.Pennington.
“Jason Matthew Pennington, 41, Bel Aire, Kan., is charged in a 51-count indictment alleging the former State Farm Insurance agent defrauded his customers and lied to beneficiaries to cover up the thefts,” says the statement. “The counts include wire fraud and attempted wire fraud, money laundering, attempted bank fraud and making false statements to a financial institution. Pennington.”
Grissom commented on the case to KSN.
“What is being alleged here,” explains Grissom, “It’s not only illegal it’s just downright immoral and shameful.”
“The indictment alleges that one of Pennington’s victims was Marlene Brown, who retired in 1994 following a 37-year career with the Wichita Public Schools where she served as teacher, coach and school administrator. She endowed the Marlene M. Brown Fund for the Department of Counseling, Leadership, Educational and School Psychology in the College of Education at Wichita State University.”
“The indictment alleges that before she died in October 2009 Brown purchased a life insurance policy from State Farm through Jason Pennington worth more than $1.3 million. She designated the Marlene M. Brown Revocable Trust as the owner and beneficiary of the policy.”
Grissom goes on to say that Jason M. Pennington allegedly put money that was supposed to go to charity, into his personal account.
“And used the money to pay his personal expenses,” says Grissom.
The FBI helped investigate the case.