Florida insurance agency owner arrested on fraud charges

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Florida insurance coverage company proprietor jailed on fraudulence fees

A Pensacola insurance coverage representative has actually been billed with cord fraudulence for his supposed plan of taking his clients’ insurance coverage costs for himself.

John Michael Thomas, 51, showed up in a government court hearing administered by Performing United States Lawyer for the Northern Area of Florida Jason R. Coody. A government criminal grievance submitted March 12, 2021, billed Thomas with offering illegal insurance plan for around $4 million in insurance coverage costs repayments via his company, Thomas Insurance policy, LLC.

According to the grievance, Thomas supposedly ripped off clients from September 2013 to December 2020 via a sort of insurance coverage fraudulence called “premium diversion.” Thomas gathered insurance coverage costs from clients, yet maintained the funds for his individual usage as opposed to creating insurance plan, the claim claimed. To hide his sham, Thomas supposedly provided his clients illegal papers referencing insurance plan that did not exist.

Thomas was ultimately jailed on April 01, 2021. The apprehension was the outcome of a joint examination in between the FBI and also the Florida Department of Investigative and also Forensic Solutions, Bureau of Insurance Policy Scams.

A launch from the United States Lawyer’s Workplace for the Northern Area of Florida kept in mind that examination job is continuous to make certain that every one of Thomas’s declared sufferers are determined. The workplace has actually suggested any person that thinks they have actually been taken advantage of by Thomas to speak to the neighborhood FBI workplace.

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