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Louisiana Insurance coverage Product Arrested for Fraud, Theft

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A Baton Rouge, Louisiana insurance coverage producer was arrested for insurance coverage fraud and theft, the Louisiana State Police introduced this week.

The Louisiana State Police Insurance coverage Fraud/Auto Theft Unit Baton Rouge Discipline Workplace started receiving info from the Louisiana Division of Insurance coverage in Nov. 2022 pertaining to allegations of theft and insurance coverage fraud dedicated by 66-year-old Albert Frederick Peterson III.

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The investigation discovered that Peterson carried out fraudulent actions and/or theft associated to insurance coverage merchandise supplied to the Baton Rouge Police Union (BRPD Union).

The investigation recognized 26 separate events by which Peterson fraudulently obtained and misappropriated premium and insurance coverage refunds as a result of BRPD Union members between Might 2019 and Might 2021, totaling over $30,000.00.

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Because of the investigation, an arrest warrant for Peterson was issued on March sixth, 2024 within the nineteenth Judicial District Courtroom for Insurance coverage Fraud and Theft. On March 18, 2024, Peterson was arrested by LSP Investigators and booked into the East Baton Rouge Parish Jail.

Supply: Louisiana State Police

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