California Insurance Commissioner Steve Poizner announced the arrest of a former life insurance agent for allegedly stealing $100,000 from an 83-year old woman. Ian Max Henriquez, 42, of Los Angeles, was arrested and charged with three felony counts including grand theft, identity theft and theft from an elder. Bail is set at $150,000.
It is alleged that in January 2008, Henriquez illegally completed life insurance company surrender documents, forging the signature of his 83-year old client in order to obtain $100,000 from the client's life annuity policy.
When the victim had stopped receiving her annuity policy statements, she notified her son-in-law. Her son-in-law contacted the insurance company who informed him that the mailing address for his mother-in-law had been changed and that a $100,000 check had been issued in her name against her annuity policy. Her son-in-law drove to the new mailing address and discovered that it was Henriquez's residence. He then filed a complaint with the Department of Insurance. Upon receipt of the complaint, the Department opened an investigation, during the course of which Henriquez admitted to investigators that he had forged the victim's signature and deposited her money into a business account for personal use.
Shortly after Henriquez's scheme was discovered, his licenses expired and were not renewed.
If convicted on all counts, Henriquez faces a maximum of 10 years in state prison.
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1 comment:
Their are a ton of great, honest agents in the insurance industry. Too bad events like this give it a bad name. 99% of the agents out there are good and decent.
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