CA: Hacienda Heights Unlicensed Insurance Agent Sentenced After Stealing $450,000 in Clients' Premiums
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Unlicensed California Agent Sentenced After Stealing $450K in Premiums April 12, 2021
Ai Ling Lee, 61, an unlicensed insurance agent living Hacienda Heights, was convicted of nine felony counts of grand theft after reportedly stealing nearly half-a-million dollars of her small business clients’ insurance premium payments.
An investigation by the California Department of Insurance reportedly found Lee, as owner-operator of Jubilee Insurance Services, acted as an insurance agent to steal $450,000 in premium payments even though she was not properly licensed by the CDI. She allegedly accepted premium payments from her clients to place liability, property or workers’ compensation insurance coverage, but either failed to place coverage or allowed the coverage to lapse for nonpayment leaving nine restaurants, construction companies and biochemical companies at risk of uninsured losses.
under the per view of the fbi. the fbi led that investigation as part of their white collar crime division. we think of the fbi has going after terrorism suspects or kidnapping suspect, but the fbi has a pretty braud mandate from international terrorism to art theft to all kinds of white collar crime. the fbi is busy, but because of the self-imposed never supposed to happen federal budget cuts, the fbi has decided to close. for ten days this year, all of its offices and hq in washington closed. for those ten days, quote, the bureau will only have a skeleton crew on hand, which raises questions about how effectively it can respond to crime. according to an unname d fbi official, those will probably fall on fridays or mondays. fruitcake embezzlers, take note. this is on top of a hiring
as part of their white collar crime division. which is one of the things they focus on. we think of the fbi has going after terrorism suspects or kidnapping suspect, but the fbi has a pretty broad mandate from international terrorism to art theft to all kinds of white collar crime. the fbi is busy, but because of the self-imposed never supposed to happen federal budget cuts, the fbi has decided to close. for ten days this year, all of its offices and hq in washington closed. for those ten days, quote, the bureau will only have a skeleton crew on hand, which raises questions about how effectively it can respond to crime. according to an unnamed fbi official, those will probably fall on fridays or mondays. fruitcake embezzlers, take note. this is on top of a hiring freeze the fbi has had to put in place.
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