Elderly woman convicted of $20 million insurance fraud plot

(WBFF) — A 77-year-old woman was convicted of 11 criminal charges related to a $20 million insurance fraud scheme, officials said.

Maureen Wilson, of Owings Mills, was found guilty of:

• One count of conspiracy to commit mail and wire fraud
• Four counts of mail fraud
• Two counts of wire fraud
• One count of conspiracy to commit money laundering
• One count of money laundering
• Two counts of filing a false return

Wilson was acquitted of one count of mail fraud as well.

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Wilson's husband, James William Wilson Jr., also 77, was convicted of 19 charges related to the same plot in January. He's scheduled to be sentenced on May 1.

According to court documents and evidence presented at trial, the Wilsons defrauded life insurance companies by altering personal details about policy applicants, including their health, wealth, and existing life insurance coverage. These actions led to benefits of over $20 million.

The Wilsons also defrauded individual investors to pay premiums on the fraudulently-obtained policies, which they concealed by transferring funds between numerous bank accounts. They then filed false income tax returns for the years the scheme took place to cover the fraud. The Wilsons netted roughly $7.7 million from these steps.

Maureen Wilson's sentencing is scheduled for June 20. She faces up to 20 years in prison for each count of conspiracy as well as a maximum penalty of three years in prison for each count for filing a false tax return.