Insurance plan Agent Pleads Guilty to Embezzlement
The main government officer of a Taunton, Massachusetts insurance policies agency pleaded guilty to embezzlement expenses in a plan that stole $295,278 from local businesses, condition Attorney Common Maura Healey’s place of work said Friday.
David G. Pietro, 67, of Sandwich and his organization, DPG-Miles Insurance plan Company, entered responsible pleas for five felony counts of larceny by embezzlement in Bristol Top-quality Court docket. Judge Daniel O’Shea sentenced Pietro to two yrs of probation requested him to execute 100 several hours of group provider and shell out restitution to the victims. The volume has not nevertheless been decided.
O’Shea also requested Pietro to surrender his insurance plan license, which efficiently bars his company from continuing to work, the Attorney General’s Place of work reported.
Prosecutors say Pietro gathered premiums but unsuccessful to remit the payments to the insurers, leaving clients without coverage. Most of the 5 victims ended up smaller enterprises, the business explained.
The embezzlement plan resulted in numerous customer companies acquiring their business insurance plan guidelines cancelled.
LDI Suspends General public Adjuster
The Louisiana Section of Insurance policy had suspended the license of a New Orleans community adjuster accused of fraudulently endorsing checks from insurance policy organizations and retaining the revenue.
LDI’s Place of work of Insurance policy Fraud and Enforcement on July 22 issued a cease-and-desist get to Kade Austen Mitchell and his firm Mitchell Adjusting International.
The Insurance Section reported in a push launch that Mitchell fraudulent endorsed checks totaling $150,000 from an coverage company and failed to remit the money to the insured. On one more celebration, Mitchell withheld a $117,441.43 insurance policies claim payment from a policyholder, the office said.
“Louisiana policyholders put excellent trust in the public adjusters they employ to tackle their claims just after a loss and are worthy of to have that believe in honored,” said Insurance policies Commissioner Jim Donelon. “This form of behavior will not be tolerated in the Louisiana insurance plan market.”
The office mentioned Mitchell was licensed in Louisiana as a general public adjuster on Dec. 10, 2020. The company’s web-site claims it is headquartered in New Orleans and has an business office in Apparent Lake Shores, Texas.
Automobile Mend Shop Owner Responsible in 2nd Perform Comp Rip-off
The proprietor of an car maintenance shop in Kennewick, Washington pleaded responsible to a felony immediately after failing deliver workers’ payment insurance for his employees for the second time.
The point out Division of Labor and Industries explained Rodney Eugene Dietrich, 47, was sentenced to 30 times of electronic residence monitoring by Benton-Franklin Outstanding Courtroom Decide Norma Rodriguez.
The section reported Dietrich used two males at his store, Rod’s Cars, from November 2017 to May 2019. He failed to give workers’ compensation insurance policies as needed by condition law, the department explained.
One particular personnel was paid income and yet another traded his labor for vehicle components and other things, investigators say.
The division reported Dietrich pleaded guilty to a misdemeanor cost for the exact offense in October 2016. He was billed again with felony cost just after two L&I investigators observe that staff members have been operating at the shop, which was not insured at the time.
Dietrich opened the shop in 2004, but changed its title, organization framework and enterprise license three occasions right after slipping behind on workers’ payment high quality payments, the division claims. He owes additional than $40,000 in late premiums, fascination and penalties. Dietrich also owes far more than $2,200 in wages and penalties for failing to spend an employee in 2013, the office mentioned.
Want to continue to be up to day?
Get the latest insurance policy news
despatched straight to your inbox.