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More Felony Charges for California Insurance Agents in Reported $748K Theft - Vimarsana News

More Felony Charges for California Insurance Agents in Reported $748K Theft

More Felony Charges for California Insurance Agents in Reported $748K Theft February 11, 2021 Additional charges of felony grand theft were filed this week against licensed California insurance agents Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills. The additional charges were filed after Farmer and Urcan allegedly accepted more than $61,000 in insurance premium payments from a towing company and misappropriated the money for their personal use. Farmer and Urcan last month were arraigned in Los Angeles County Superior Court on similar...

Insurance Agents Arraigned in Theft Scheme | San Fernando Valley Business Journal - Vimarsana News

Insurance Agents Arraigned in Theft Scheme | San Fernando Valley Business Journal

Two Valley-area insurance agents were arraigned this week on multiple counts of grand theft. According to the California Insurance Department, Robert Farmer, 65, of Camarillo, and Marion Urcan, 67, of Agoura Hills, allegedly accepted more than $687,000 in insurance premiums from two towing companies. Rather than forward the payments to the insurance company to secure liability insurance for the business owners, Farmer and Urcan allegedly kept the money for personal use. Also, one of the towing companies claimed the two agents embezzled a $50,000 down payment intended for the renewal o...

Source: sfvbj.com