A former California life insurance agent was arrested for allegedly stealing $100,000 |
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February 26, 2009—A former California life insurance agent was arrested for allegedly stealing $100,000 from an 83-year-old client. He was charged with three felony counts, including theft, identity theft, and theft from an elder. The agent allegedly forged the client’s signature on annuity surrender documents. He also changed the mailing address of the annuity to his own residence and directed the insurance company to send the client’s money to him. State authorities said he deposited the money into his business account where he used it to buy personal items.
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