ATTORNEY GENERAL CUOMO SUES INSURAMCE BROKER WHO TARGETED SENIOR CITIZENS WITH UNNECESSARY HOME HEALTH SERVICE POLICIES
BUFFALO, N.Y. (June 2, 2008) - Attorney General Andrew M. Cuomo today announced his office filed suit against an Auburn insurance broker who targeted seniors across the state by selling overlapping home health services policies they did not need.
Thomas Piccirillo, a licensed insurance broker, used the fear of being sent to a nursing home as a tactic to sell elderly clients overlapping home health services policies. By doing so, Piccirillo obtained significant commissions from two service companies, both of which were unaware he was selling the other’s duplicative product. The Attorney General’s initial investigation determined that in 2006 alone, Piccirillo earned over $117,000 in commissions from the two service companies.
Attorney General Cuomo’s lawsuit seeks restitution for all the seniors he defrauded and to prohibit him from selling any home care policies unless he posts a $500,000 bond. The suit also seeks a $10,000 penalty against Piccirillo for defrauding senior citizens.
Thomas Piccirillo, a licensed insurance broker, used the fear of being sent to a nursing home as a tactic to sell elderly clients overlapping home health services policies. By doing so, Piccirillo obtained significant commissions from two service companies, both of which were unaware he was selling the other’s duplicative product. The Attorney General’s initial investigation determined that in 2006 alone, Piccirillo earned over $117,000 in commissions from the two service companies.
Attorney General Cuomo’s lawsuit seeks restitution for all the seniors he defrauded and to prohibit him from selling any home care policies unless he posts a $500,000 bond. The suit also seeks a $10,000 penalty against Piccirillo for defrauding senior citizens.
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