Insurance coverage Agent Pleads Responsible to Embezzlemalest
The chief authorities officer of a Taunton, Massachusetts insurance agency pleaded guilty to embezzlemalest costs in a scheme that stole $295,278 from native companies, state Lawyer Widespread Maura Healey’s office said Friday.
David G. Pietro, 67, of Sandwich and his agency, DPG-Miles Insurance coverage Agency, entered guilty pleas for 5 felony counts of larceny by embezzlemalest in Bristol Superior Courtroom. Decide Daniel O’Shea despatchedenced Pietro To 2 years of probation ordered him to carry out 100 hours of group service and pay restitution to the victims. The quantity has not but been decided.
O’Shea additionally ordered Pietro To surrender his insurance license, which effectively bars his agency from persevering with To function, the Lawyer Widespread’s Office said.
Prosecutors say Pietro collected premiums however Did not remit the costs to the insurers, leaving consumers with out safety. A lot of the 5 victims have been small companies, the office said.
The embezzlemalest scheme resulted in a quantity of shopper corporations having their enterprise insurance insurance policies cancelled.
LDI Suspends Public Adjuster
The Louisiana Departmalest of Insurance coverage had suspended the license of A mannequin new Orleans public adjuster accused of fraudulently endorsing checks from insurance corporations and maintaining The money.
LDI’s Office of Insurance coverage Fraud and Enforcemalest on July 22 issued a cease-and-desist order to Kade Austen Mitchell and his agency Mitchell Adjusting Worldwide.
The Insurance coverage Departmalest said in a press launch that Mitchell fraudulent endorsed checks totaling $150,000 from an insurance agency and Did not remit the funds to the insured. On ancompletely diffelease event, Mitchell withheld a $117,441.43 insurance declare cost from a policyholder, the office said.
“Louisiana policyholders put good notion Inside The general public adjusters they lease to deal with their declares after a loss And want to have that notion honored,” said Insurance coverage Commissioner Jim Donelon. “This Sort of conduct Will not be tolerated Inside the Louisiana insurance market.”
The departmalest said Mitchell was licensed in Louisiana as a public adjuster on Dec. 10, 2020. The agency’s internet website says It is headquartered in New Orleans and has an office in Clear Lake Shores, Texas.
Auto Restore Store Proprietor Responsible in 2nd Work Comp Rip-off
The owner of an auto repair shop in Kennewick, Washington pleaded guilty to a felony after failing curlease staff’ compensation insurance for his staff for the second time.
The state Departmalest of Labor and Industries said Rodney Eugene Dietrich, 47, was despatchedenced to 30 days of digital house monitoring by Benton-Franklin Superior Courtroom Decide Norma Rodriguez.
The departmalest said Dietrich employed two males at his shop, Rod’s Automobiles, from November 2017 to Might 2019. He failed To curlease staff’ compensation insurance as required by state regulation, the departmalest said.
One worker was paid money and ancompletely diffelease traded his labor for auto parts and completely diffelease gadgets, investigators say.
The departmalest said Dietrich pleaded guilty to a misdemeanor cost For The identical offense in October 2016. He was costd as quickly as extra with felony cost after two L&I investigators discover that staff have been Engaged on the shop, which was not insured On the time.
Dietrich opened the shop in 2004, however modified its identify, enterprise construction and enterprise license 3 events after falling behind on staff’ compensation premium costs, the departmalest says. He owes Greater than $40,000 in late premiums, curiosity and penalties. Dietrich additionally owes Greater than $2,200 in wages and penalties for failing to pay an worker in 2013, the departmalest said.
Want To Sustain So far?
Get The latest insurance information
despatched straight to your inbox.