Shahin Sean Pelaseyed, a North Hollywood insurance broker, was arrested at his apartment by the North Hollywood Police Department and charged with five felony counts of grand theft of insurance premium.
The 46-year-old man operated Sean Pelaseyed Insurance Services, and according to investigators, he collected at least $28,000 in premiums from commercial trucking companies in California. Of those premium dollars, Pelaseyed sent only partial payments to insurance companies, and in some cases, no payments were sent.
A CDI investigation revealed that he pled no contest in 1997 to one misdemeanor count of diversion of funds. An administrative action against Pelaseyed’s insurance license is pending.
Was this article valuable?
Here are more articles you may enjoy.
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Toilet Paper Warehouse Fire Investigators Review Viral Video From This Issue
