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Two Mpls. Women Charged With Stealing More Than $1M

MINNEAPOLIS (WCCO) — Two Minneapolis women were charged Thursday in Minneapolis federal court with stealing more than $1 million from the ING life insurance company.

Angela Patrice Madison, 41, and Tracy Dione Jackson, 42, were charged with one count of mail fraud in connection to the alleged crime.

Allegedly, from 2003 through March 6, 2012, Madison worked as a policy plan and service coordinator for ING. She handled, among other things, requests from ING clients to obtain loans and “surrender”— that is, cash in — their life insurance policies. Madison allegedly used ING’s computer system to generate false “surrenders” in the names of various individuals, including Jackson. The checks issued as a result of those surrenders were allegedly mailed to Jackson at various addresses across the state, or intercepted by Madison and given to Jackson.

Then Jackson allegedly cashed the checks and split the proceeds with Madison.

Through this scheme, the women reportedly stole approximately $1,633,301 from ING, the result of 196 fraudulent checks.

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