California Insurance coverage Agent Arraigned After Allegedly Leaving Shopper’s Enterprise Uninsured

Licensed insurance coverage agent Vlada Cruz, 40, of Encino, California, was arraigned on two felony counts of grand theft after a California Division of Insurance coverage investigation discovered she allegedly stole over $37,000 in insurance coverage premiums, leaving her shopper’s enterprise uninsured.

The investigation started after the CDI acquired a grievance from one among Cruz’ shoppers alleging Cruz did not ahead their collected insurance coverage premium to the insurance coverage service throughout 2020 and 2021. Cruz’ actions reportedly resulted the shopper shedding greater than $37,000, and left the shopper’s enterprise with out insurance coverage protection for 2 years.

The proof obtained throughout the investigation reportedly discovered that Cruz deliberately embezzled two coverage premium funds over two years totaling $37,362. Cruz additionally reportedly issued fraudulent coverage paperwork to her shopper.

The division is taking motion in opposition to Cruz’ license. This case is being prosecuted by the Los Angeles County District Lawyer’s Workplace.

Subjects
California
Agencies