Superintendent of Insurance Gregory V. Serio announced the arrest of Fabian Illera, a former insurance broker, who was charged with insurance fraud, forgery, criminal possession of a forged instrument, falsifying business records and grand larceny.
“It is alleged that Mr. Illera issued fraudulent automobile insurance identification cards to 25 individuals and collected approximately $20,000 in premium. However, he never forwarded the premium money to the insurance company,” said the NYSID. As a result the alleged victims were without insurance coverage.
“Mr. Illera worked with a car dealer to obtain customers and all the dealings went through the dealership,” the announcement continued. He was arrested last week and will be arraigned today in Queens Criminal Court. Both the NYSID’s Frauds Bureau and the Queens District Attorney’s office conducted the investigation leading to Illera’s arrest.
Was this article valuable?
Here are more articles you may enjoy.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
