Adrian Rand Robison, Mail Fraud, Idaho 2013

Pocatello, Idaho - Father-Son Duo Sentenced for Insurance Scam

In a shocking turn of events, two high-ranking officials from The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, were sentenced to prison for their roles in a complex insurance scam.

Adrian Rand Robison, 67, of Rigby, Idaho, was sentenced to four months in prison and ordered to pay restitution of $1,371,634 for mail fraud. He was also fined $20,000 and sentenced to 18 months of supervised release with eight months of home detention.

His son, Adrian Russell Robison, 38, of Idaho Falls, Idaho, the former chief executive officer of the company, was also sentenced to four months in prison for making and subscribing false tax returns. Russell Robison was also sentenced to 12 months of supervised release, the first eight months on home detention, fined $10,000, and ordered to pay restitution to the IRS of $270,631.

According to the plea agreement, Rand Robison, a licensed insurance agent, owned a majority interest in The Legacy Network, a company that brokered the sale of life insurance policies between the carriers that offered the policies and the independent insurance agents that marketed the policies to clients.

In return for its services, The Legacy Network received a commission paid by the carriers for each policy sold. However, Rand Robison admitted that he encouraged some high net-worth clients to apply for high face-value life insurance policies with the promise of rebating all or part of the first-year premiums back to the customer.

The cases were the result of a joint investigation by Internal Revenue Service-Criminal Investigation, the Federal Bureau of Investigation, and Idaho Department of Insurance. Today's announcement is part of efforts underway by President Obama's Financial Fraud Enforcement Task Force (FFETF) to investigate and prosecute financial crimes.

Source: https://www.justice.gov/usao-id/pr/two-legacy-network-executives-sentenced