The Florida Department of Financial Services’ Division of Insurance Fraud has announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a licensed insurance agent, allegedly stole more than $80,000 in premium funds from four of his clients. In an effort to conceal that he was pocketing the money intended to pay the premiums on policies his clients thought were valid, Rodriguez created fake proof of insurance documents and gave them to his clients, DIF said in a statement.

Rodriguez’ clients reportedly believed they were paying for legitimate commercial or homeowners’ insurance policies from Citizens Property Insurance Co., but Citizens verified that none of the policies ever existed. Rodriguez allegedly instructed his clients to write their premium checks to his company, Risk Management Agency Group, rather than to Citizens directly. Bank records show that the victims’ checks were deposited into his company’s account for personal use.

 

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http://www.insurancejournal.com/news/southeast/2015/07/28/376462.htm

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