Grand Theft charges were filed against a licensed agent and owner of SAAB insurance Services. Irma Hernandez, 33, of Los Angeles, Calif. was arrested and charged with two felony counts of grand theft.
Investigators with CDI revealed that Hernandez allegedly sold fraudulent insurance policies to consumers and collected premiums of approximately $2,900, but never forwarded the money to any insurance company. These fraudulent activities left a victim without valid automobile insurance and exposure to an uninsured loss of $7,000 following an auto accident.
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