US EditionAdviser Sentenced for Insurance Fraud
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Adviser Sentenced for Insurance Fraud
A former financial adviser has been sentenced to three years imprisonment for committing insurance fraud, says the FMA in its April Financial Advisers Update. The regulator says Harish Puri was an Auckland-based adviser who provided advice on health, life, trauma, disability, and income protection insurance for his clients. It notes that between 2021 and 2023, Puri “…submitted 41 fraudulent policy applications through two online portals of the i…
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