Additional felony theft charges leveled against Camarillo insurance firm Jeremy Childs, Ventura County Star
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Two local insurance agents were charged with grand theft after allegedly using $61,000 in insurance premium payments for personal use, according to the California Department of Insurance.
Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills, both licensed insurance agents at Centerpointe Insurance Services Limited in Camarillo, had already pleaded not guilty to two grand theft charges in Los Angeles County. The pair are accused of taking over $687,000 from two towing companies and misappropriating the funds, officials said.
More Felony Charges for California Insurance Agents in Reported $748K Theft February 11, 2021
Additional charges of felony grand theft were filed this week against licensed California insurance agents Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills.
The additional charges were filed after Farmer and Urcan allegedly accepted more than $61,000 in insurance premium payments from a towing company and misappropriated the money for their personal use.
Farmer and Urcan last month were arraigned in Los Angeles County Superior Court on similar charges of grand theft after allegedly accepting over $687,000 in insurance premium payments from multiple business owners and pocketing those funds. The total alleged loss in these two cases is over $748,000.
Two Valley-area insurance agents were arraigned this week on multiple counts of grand theft.
According to the California Insurance Department, Robert Farmer, 65, of Camarillo, and Marion Urcan, 67, of Agoura Hills, allegedly accepted more than $687,000 in insurance premiums from two towing companies. Rather than forward the payments to the insurance company to secure liability insurance for the business owners, Farmer and Urcan allegedly kept the money for personal use.
Also, one of the towing companies claimed the two agents embezzled a $50,000 down payment intended for the renewal of a commercial auto insurance policy.
Insurance Commissioner Ricardo Lara said in a statement, “By allegedly taking payments but not placing insurance coverage, these licensed insurance agents left these small businesses at risk for devastating financial loss.”