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Insurance agent sentenced for scamming clients
A former Lubbock insurance agent was sentenced Thursday to life in prison and ordered to pay back $810,000 to his victims after an investigation
found that Joseph Allen Gaines persuaded senior citizens in West Texas to purchase annuities, but then kept the money for himself.
Gaines received attention when a 94-year-old woman’s family called an insurance company to confirm her $700,000 investment. They were told there was no policy in their mother’s name.
The investigation also identified other victims of the scheme. Gaines was charged with felonies in several counties, several of Gaines victims testified at the sentencing.
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