Maryland Woman Convicted in $20 Million Life Insurance Fraud Scheme
BALTIMORE, March 12, 2025 – Maureen Wilson, a resident of Owings Mills, Maryland, has been found guilty by a federal jury for her involvement in a sophisticated $20 million life insurance fraud scheme. The conviction, announced today, included charges of conspiracy to commit mail and wire fraud, multiple counts of mail and wire fraud, conspiracy to commit money laundering, and filing false tax returns.
Prosecutors presented evidence demonstrating that Wilson, along with her husband, James Wilson, fraudulently secured over 40 life insurance policies. They achieved this by misrepresenting the health, financial status, and existing insurance coverage of the applicants. Moreover, Wilson misled investors to obtain funds, which were then used to pay premiums on these fraudulent policies.
Authorities detailed how Wilson and her husband concealed their illicit activities by funneling the proceeds through multiple bank accounts, including those held in trusts. Further complicating the case, Wilson failed to report millions of fraudulent earnings on her tax returns for the years 2018 and 2019.
For each count of fraud and money laundering, Wilson faces a potential sentence of up to 20 years in prison. She could also receive a sentence of up to three years for each count of filing a false tax return. Sentencing is scheduled for June 20.
The investigation was conducted by IRS Criminal Investigation, with support from the Maryland U.S. Attorney’s Office and the Justice Department’s Tax Division. This conviction represents a significant success for federal prosecutors in their efforts to combat large-scale financial fraud.
