Utah officials, premiums pocket
Ryan Webb, Salt Lake County, Utah, insurance agent, was charged with insurance fraud, a second degree felony, illegal treatment by a trustee, a second-degree crime, theft by deception, a second degree felony and forgery, a third Felony degrees.
Webb, an agent of Brighton Insurance Group Inc. of Sandy, Utah, allegedly sold to insurance companies to the owner of Pinky’s bar after a fire, loss, the victim is a right enshrined in the insurance rental car, but he been informed that no policy.
After the Utah Insurance Department, Webb had prepared and provided false assurances linking the victim claims it has been approved and legitimate political. He made Premium regular checks of the victim and requested that the checks are carried out directly by writing to him “for comfort at the Bank,” said the ministry. Webb allegedly more than $ 20000 Premium checks that were never the insurance company, the department noted.
He pleaded not guilty in the amount of fraud Korean-American
A man pleaded not guilty to fraud in an amount of 11 Korean-American investors of nearly $ 2 million.
Robin K. Cho, 47, 118 faces count of securities fraud, Grand Theft and counterfeiting.
Prosecutors say Cho, has expired, a company whose name Citi Travelers Insurance Management, investors scammed by a pyramid scheme between 1998 and 2003.
Cho, Los Angeles, has promised investors 4 to 6 per cent interest per month and stated that investments in low-risk if they are indeed risky, after all, loses money from investors, California Deputy District Attorney Richard Lowenstein said.
To maintain interest payments on the original investors, over Cho sale of securities for new investors, “said Lowenstein.
If investors do not receive promised payments of debt Cho September 11, 2001, terrorist attacks to its failure to pay and other excuses, prosecutors claim.
He faces a maximum rate of nearly 62 years in prison if Lowenstein. Cho was $ 1.9 million bail and was scheduled to return to court on July 14.
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