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Agents arrested on Felony Charges

 

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Copyright 2009 Strafford Publications, Inc.All rights reserved California Insurance Law & Litigation Alert

31 January 2009

Pg 8

131 words


Agents arrested crime charges



Two former insurance agents were arrested for embezzling over $ 30,000 in insurance premiums. A man has sold commercial truckers insurance using an unauthorized trade name, issued false evidence of insurance, and then kept the premiums. He also said that customers could obtain DMV for a license fee of $ 12,500, but kept the money for himself. The other man kept a refund of $ 8500 from an insurer which was intended for his client. The men were accused of the crime of grand theft and faces three to six years in prison.

Source: Insurance Law and Litigation Alert California, 01.31.2009

Copyright © 2009 by Strafford Publications, Inc. http://www.straffordpub.com/ All rights reserved. Storage, reproduction or transmission by any means is prohibited except under a valid license agreement.

3 February 2009

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