Insurance broker gets 2 years for scamming Tom Hanks and wife
LOS ANGELES (CNS) – A Southland insurance broker was sentenced today to 27 months in federal prison and ordered to pay about $841,000 in restitution for overbilling Tom Hanks and his wife.
Jerry B. Goldman, 60, of Thousand Oaks pleaded guilty in April to mail fraud charges in connection with his dealings with Hanks and Rita Wilson, according to federal prosecutors.
According to a 10-count indictment filed a year ago in Los Angeles federal court, Goldman used his Newbury Park insurance agency to obtain various insurance products for clients, some of whom were overbilled by as much as 600 percent.
The indictment listed Hanks, Wilson and guitarist Andy Summers, formerly of The Police, among the victims.
According to prosecutors, Goldman negotiated premiums for insurance coverage on behalf of his clients, and he was paid commissions by the insurance provider on each policy.
Goldman created phony invoices on his company’s letterhead that inflated the premiums and from 1998 through August 2011, pocketed overpayments of more than $800,000, according to the indictment.
U.S. District Judge S. James Otero ordered Goldman immediately taken into custody.