For Immediate Release
Media Contact: Bob Cooper
(208) 334-4112

Date: September 18, 2009

Former Insurance Agent Sentenced for Perjury

(Boise) – Kenneth Dale Sloan, 51, of Meridian, was sentenced today for the crime of perjury, Attorney General Lawrence Wasden said. Fourth District Judge Patrick Owen ordered Sloan to serve up to 10 years in prison, with one year fixed. The judge also retained jurisdiction over Sloan’s case for 180 days.

Sloan pleaded guilty on May 1, 2009, to one count of perjury. By pleading guilty, Sloan admitted that he falsely stated under oath that he had been given proprietary information by a Banker’s Life and Casualty Company employee.

Banker’s Life and Casualty Company terminated Kenneth Sloan’s employment as Branch Manager of the company’s Boise office on March 4, 2005. After leaving the office on his last day, Sloan used his home computer to download proprietary customer lists and other information. After receiving citizen complaints about Sloan’s subsequent use of the proprietary information, the Idaho Department of Insurance conducted an extensive investigation. On April 11, 2006, state investigators served a search warrant at the office of another insurance company, where Sloan was then working. The investigators seized hard copies of the customer information Sloan had obtained from Banker’s Life and Casualty.

On November 28, 2006, during an administrative licensing hearing conducted by the Department of Insurance, Sloan falsely stated, under oath, that the proprietary information had been given to him by another employee who still worked at Banker’s Life and Casualty. During a subsequent investigation, investigators determined that the list had been downloaded on Sloan’s home computer. Investigators executed a search warrant at Sloan’s residence and seized a day planner revealing that Sloan had used the list to contact and solicit insurance sales from Banker’s Life customers while he was employed as an agent with another company.

The case was investigated by the Idaho Department of Insurance, the Office of the Idaho Attorney General and the Ada County Sheriff’s Office. The Attorney General’s Insurance Crimes Unit prosecuted the case at the request of Ada County Prosecuting Attorney Greg Bower.

- End -

News by Year: