By Richard Burnett, The Orlando Sentinel, Fla.
July 13--A Winter Springs woman has been convicted of grand theft and ordered to repay nearly $250,000 to victims of an annuity fraud, Florida regulators said Friday.
Nanci Ann Hubsch, 50, owner of the now-defunct Insurance Associates of Central Florida Inc., was sentenced to two years of house arrest, 28 years of probation and a suspended, 42-month prison term, according to Florida Chief Financial Officer Jeff Atwater.
The case was investigated by the state's Division of Insurance Fraud and Division of Agent and Agency Services and prosecuted by the Seminole County State Attorney's Office.
(c)2012 The Orlando Sentinel (Orlando, Fla.)
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