WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red

Latest News

Insurance Firm Owner Sentenced For Wire Fraud

View Comments
court, gavel, generic, law, case, lawyer, hearing

(credit: Jupiter Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things For April 18, 2014
  2. WCCO Viewers’ Choice For MN’s Best Fried Chicken
  3. Wis. Senior Bowls Perfect 300 ... Again
  4. Dozens Behind Bars After Largest MN Heroin Bust
  5. Morning Headlines From 04/18

MINNEAPOLIS (AP) — A federal judge in Minneapolis has sentenced an insurance company’s owner to more than three years in prison for stealing nearly $2 million from two associations his firm served.

Judge Joan Ericksen sentenced 44-year-old Dennis Lee Pap, of Lynden, Wash., to 41 months in prison Tuesday on one count of wire fraud. Prosecutors say Pap used his company, Parthenon Risk Partners, to steal $1.8 million from Access Insurance Association and Pillar Insurance Limited.

Access is a Minnesota-based self-injured workers’ compensation association. Pillar is a property and liability reinsurance company.

Pap pleaded guilty in January to depositing the funds in his personal bank account.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus