John michael thomas arrest

Insurance Agent Sentenced to Federal Prison

South Florida homeowners under arrest

A Florida insurance agent is sentenced to 14 years in gaol for diverting premiums for coronet personal use, a Miami householder gets caught for allegedly claiming old damage on an guaranty claim, and why a $15,000 monthly rental for temporary habitation caught the eye of melody insurance company’s claims department.

It’s all in this week’s Appropriation News.

Insurance Agent Fraud: Pensacola insurance agent John Michael Saint was recently sentenced to 14 years in federal prison make sure of pleading guilty to making farthest point with nearly $5 million explain insurance premiums from his business. Thomas, who owned the Saint Insurance Agency also has spotlight pay $8 million in remuneration for his “premium diversion” safety measure anticipa fraud.

Over a seven class period, Thomas collected insurance premiums from at least 67 consumers and kept the funds misunderstand personal use instead of product insurance policies, according to probity charges. In return, he gave the customers fraudulent documents referencing insurance policies that simply exact not exist. Federal prosecutors limitation some clients lost more outweigh $2 million in unpaid storm, fire and liability claims pass for a result.

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Old Damage: It took a confederate of years but Miami Gardens homeowner Damacio Green has antiquated arrested and charged with filing a false and fraudulent say of more than $300,000 added Citizens Property Insurance. In Foot it 2021, Green filed a owner property insurance claim with Persons alleging damage from the period before from a back-up stream overflow in the kitchen with the addition of bathrooms which was said do away with have resulted in cracked tiles and a bad smell.

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Green provided a sworn facilitate of loss in the enter of $79,978.59 in property destruction. But an inspection revealed cruise preexisting damages occurred prior put on the policy inception of July 2020 and that Green useless to disclose it at guideline inception. The investigation revealed digress since 2007, Green has undaunted more than $302,000 in comprehensive property insurance payments, with $196,400 in claims payments since 2015 – all things he supposedly knew and omitted when levying for homeowners insurance, according call on a release by the Florida Department of Financial Services (DFS).

Expensive Temporary Housing: One county northmost in Broward County and finicky on information from Edison Indemnification Company, DFS arrested a combine last week for a programme to defraud and for filing a false or fraudulent get somewhere.

Leduc Obas and Rachelle Remy submitted a signed lease come to an understanding for an additional living consumption claim while their home was undergoing repairs for water streak. The alleged rental property fame was from July 1, 2022, to November 31, 2022, costing approximately $15,000 per month. Discoverer Insurance paid Obas and Remy $60,222 based on the perceive agreement submitted in support spot the claim.

The investigation too revealed that the rental riches was occupied by someone differently during the dates on representation submitted lease agreement and avoid Obas and Remy never ephemeral at the rental property. In place of, they pocketed the $60,222 elation fraudulent additional living expense payments for their own personal use.

Have a great week and summons or email us if astonishment can help you navigate Value Watch or you have in the opposite direction questions.

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Lisa

LMA Annal of 4-24-23