NAUGATUCK — A 36-year-old Naugatuck man pleaded guilty Dec. 18 to two counts of mail fraud.
Christopher Scull is facing a maximum prison term of 20 years and a fine of up to $250,000 on each count when he is sentenced March 10, according to a news release from the U.S. Department of Justice.
According to the release, from June 2011 through January 2014 Scull defrauded investors of more than $120,000 while working as an insurance agent with Bankers Life & Casualty Co.
As part of the scheme, Scull induced one victim to make withdrawals from her annuity and give the money to him by falsely representing that the victim owed certain fees in connection with the account. Scull caused the victim to submit an annuity withdrawal form. After the victim received a check in the mail from Bankers Life, the release said, Scull directed the victim to deposit the money into her account and write him a personal check. He then used the money for his own benefit, according to the release.
The case was investigated by the U.S. Postal Inspection Service.