Annuity Agent Arrested, Charged with Fraud
May 20, 2016 by Cyril Tuohy
A 33-year-old Moreno Valley annuity agent was arrested and charged with theft and money laundering in connection with the sale of 17 fraudulent annuity applications to five life insurance companies, authorities said.
Joshua Eugene Barnes was arrested at an Inland Empire Starbucks Coffee shop after California Insurance Department investigators swooped in and charged Barnes with submitting fraudulent applications with blank checks from a dozen people.
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Originally Posted at Insurancenewsnet on May 19, 2016 by Cyril Tuohy.
Categories: Industry Articles