Former Broker Returns to Prison | Adelaide News

A former insurance broker in South Australia is heading back to prison after a judge revoked his suspended sentence. Craig Horsell, who once ran Horsell International, had previously stolen over $400,000 from clients by diverting premiums into his own account — a crime that earned him a three-year suspended sentence in 2013. But he broke that agreement again in 2015 by deceiving a bank using his cousin’s identity, costing the bank $74,000. The judge called it a pattern of irresponsible behavior, especially given his prior betrayal of clients. Now, he faces a new sentence that will be served on top of the original, totaling 3 years, 8 months, and 10 days — with at least 1 year and 7 months to serve before parole eligibility. His 2012 ban from the financial industry stands as a stark reminder: trust is fragile, and consequences follow, no matter how long ago the first mistake was made. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/64e2acb7972659d0