New York Agent Arrested for Larceny

A 50-year-old Rockland County, New York insurance broker was arrested on charges that he stole $6,500 that two businesses gave him to pay for workers’ compensation and business liability insurance premiums, the New York State Insurance Department reported.

Fred P. Ramos, of Tappan, was charged with grand larceny, petit larceny and offering a false instrument for filing. He was arrested by the Rockland County District Attorney’s office following an investigation by the Insurance Department’s Frauds Bureau and the Workers’ Compensation Inspector General’s Office.

Ramos is accused of keeping $6,000 he received for liability insurance premiums from one business and another $500 he received for workers’ comp premiums from a second business. Investigators also charged that he filed documents falsely stating that the second business was insured for workers’ comp.

If he is convicted, Ramos could be sentenced to up to seven years in prison. He also faces revocation of his insurance broker’s license. Ramos was released pending a hearing in Orangetown Town Court.