Collinsville, Oklahoma
November 8, 2012
Miscellaneous News
Fireman Appreciation /
Band Activities /
Virden To Prison

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Copyright 2012 -- Collinsville, Oklahoma
Former Insurance Agent Headed to Prison for Defrauding Oklahoma Seniors
For Immediate Release: November 7, 2012

OKLAHOMA CITY – Former insurance agent Marshall Virden has been sentenced to two years in prison for defrauding senior citizens in Wagoner County. The punishment comes after a lengthy investigation by the Oklahoma Insurance Department (OID).

“Our Anti-Fraud Unit worked diligently to bring to light the full scope of Virden’s criminal activity in the state of Oklahoma,” said Oklahoma Insurance Commissioner John D. Doak, who has made exploitation of the elderly a focus of his administration. “This heartbreaking crime cost several Oklahomans their life savings.”

Virden pled guilty to one felony count of exploitation of elderly. He received a ten year sentence with eight years suspended. He was also given credit for time served. District Attorney Brian Kuester said, “We are happy to get justice in this case. Mr. Virden received the maximum sentence, which includes prison time and probation, allowing the victims a chance to receive restitution.”

OID investigators discovered that Virden held investment seminars across the state. He would then convince these unsuspecting “customers” to cash in their life insurance and annuity products in exchange for precious metals such as gold and silver. Victims later learned that their investments were fraudulent and that Virden had fled the state. Thanks to the efforts of the Wagoner County Sheriff's Office and U.S. Marshals Service, he was eventually arrested in Florida.

“This sentence is just the beginning,” said Doak. “Virden faces charges in two other counties, and we believe there are more victims who haven’t come forward. We encourage them to do so. We are determined to protect every Oklahoma senior against insurance fraud.”

Potential victims are encouraged to call the OID’s Anti-Fraud Unit at 405-521-6614.

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About the Oklahoma Insurance Department
The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.

For more information contact: Kelly Collins
(405) 522-0683 -- kelly.collins@oid.ok.gov
Upcoming CHS Band Activities

Nov. 8th Thursday Winterguard Auditions 3:00PM
Nov. 12th Monday Veteran's Day Parade 11:00AM
Nov. 17th Saturday All-State Jazz Band Auditions
(2 students going)
Nov. 30th Friday 1st DC payment due ($250 per person)
Dec. 1st Saturday All-State Band Auditions
(4 students going)
Dec. 4th Tuesday Winter Concert at Owasso PAC 7PM
Dec. 5th Wednesday Performance for Tulsa 66ers @ Spirit Bank Event Center 11AM (optional attendance...$9 fee, sack lunch included)
Dec. 8th Saturday Christmas Parade

Fireman Appreciation Dinner
The members of Faith Fellowship Church honored our city and rural firefighters and their families with aBBQ dinner Sat. Nov. 3rd. Numerous door prizes were donated by our local merchants and VFW members.

A big thank-you for our firemen and their service to our community.
-- Sam Weygant 11/8/2012
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