Five People Charged in Multi-Million-Dollar Life Insurance Fraud Case
Five People Charged in Multi-Million-Dollar Life Insurance Fraud Case
SAN FRANCISCO — On April 10, 2025, the California Department of Insurance (CDI) announced that five people, including former insurance agents, have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling more than $1.4 million.
D. J. C., 62, of M. H., was arraigned on felony charges of insurance fraud, grand theft, and identity theft. C., a former insurance agent, allegedly orchestrated the fraudulent scheme alongside four co-defendants.
- N. M. W., 56, of R. M., was arraigned on felony charges of insurance fraud and grand theft.
- B. J. C., 27, of S. J., was arraigned on felony charges of insurance fraud and grand theft.
- N. M. K., 26, of S. J., was arraigned on a felony charge of insurance fraud.
- A. C., 25, of G., remains a fugitive at large and is wanted on felony charges of insurance fraud and grand theft.
CDI launched its investigation after receiving a complaint from a consumer alleging forgery and insurance fraud linked to life insurance policies sold by D. C. . The investigation revealed that Carpenter, in conjunction with W., B. C., C., and K., allegedly misrepresented life insurance policy terms to California consumers while falsifying agent information on policy applications submitted to multiple insurance companies. It is alleged, this scheme allowed them to collect unearned commissions from four insurance carriers between 2017 and 2023.
In total, the defendants allegedly fraudulently obtained over $1.4 million in commissions by manipulating over $2 million in insurance premiums from 28 California consumers. CDI has successfully assisted in recovering over $2 million for the affected victims.
The Santa Clara County District Attorney’s Office is prosecuting the case.
Source:https://cslea.com/2025/04/five-people-charged-in-multi-million-dollar-life-insurance-fraud-case/