Former Central Coast insurance agent pleads guilty to embezzlement

July 8, 2018

A former Santa Maria insurance agent was sentenced to three years of formal probation, time served, and ordered to pay restitution after pleading guilty to one felony count of insurance fraud for embezzling from his employer. [Cal Coast Times]

The court ordered Zachary Dale Jackson, 31, to pay $4,388 to his former employer.

After receiving a complaint from the insurance company, California Department of Insurance investigators found that while working as an agent for the company, Jackson falsified insurance documents related to his own personal insurance claim. He also embezzled funds from the insurance company by writing multiple checks, totaling $4,388, to himself from the company’s account.

“I have zero tolerance for agents who violate the principles of their license and rip off insurers or consumers for their own financial gain,” said Insurance Commissioner Dave Jones. “Dishonest agents reflect poorly on the more than 350,000 licensed agents and brokers, most of whom do their best to be honest and professional in their business practices in California.”

The department’s investigation led to Jackson’s arrest in Nov. 2017. Officials revoked Jackson’s agent license and he is barred from working in the insurance industry.


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AmericaTheFree

““I have zero tolerance for agents who violate the principles of their license and rip off insurers or consumers for their own financial gain,”


Yea, right!!! Like your industry as a whole isn’t in the business of ripping off consumers? The

reason? For the insurance industry’s, and it’s stock holders, own gain, period. And with the current administration’s absolute assault on all of The ACA, including getting rid of the requirement that insurance companies insure those with pre-existing conditions, their bottom line looks to get even better.


And who the frick labeled this hybrid ponzi/pyramid scheme an “industry”? Jeez! And the American public just eats it up….


kayaknut

It’s just so sad our previous president fixed the insurance problem when he had control of congress? Not forcing everyone to get insurance and increasing the insurance industry profits while costing the middle class more money with higher premiums not only for their insurance but also to pay the subsidies for those not paying for their insurance, and forcing states like California to allow more providers and requiring the insurance company to return a high percentage of profits back to those actually paying the premiums. Yeah right, too bad our current president broke all that……. Let’s all not forget the big lie, “If you like your doctor you can keep them, and if you like your plan you can keep it”…..Back to the real world now.