Extra prices of felony grand theft had been filed this week in opposition to licensed California insurance coverage brokers Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills.
The extra prices had been filed after Farmer and Urcan allegedly accepted greater than $61,000 in insurance coverage premium funds from a towing firm and misappropriated the cash for his or her private use.
Farmer and Urcan final month had been arraigned in Los Angeles County Superior Court docket on comparable prices of grand theft after allegedly accepting over $687,000 in insurance coverage premium funds from a number of enterprise house owners and pocketing these funds. The full alleged loss in these two instances is over $748,000.
On Feb. 26, 2020, the California Division of Insurance coverage obtained a criticism from the proprietor of a towing firm within the Humboldt space that alleged Farmer and Urcan, doing enterprise as Centerpointe Insurance coverage Companies Restricted in Thousand Oaks, accepted a verify totaling $61,519 for the towing firm’s industrial auto insurance coverage coverage, however the brokers didn’t ahead this premium fee to the insurance coverage firm.
An investigation by the CDI reportedly revealed the fee Farmer and Urcan accepted was by no means despatched to an insurance coverage firm to safe legal responsibility insurance coverage for the enterprise proprietor, leaving them weak to catastrophic loss. The alleged theft resulted in a $61,519 loss to the towing firm.
The division is taking administrative motion in opposition to the licensees.
Farmer and Urcan are scheduled to be arraigned on April 19. The case is being prosecuted by the Humboldt County District Legal professional’s Workplace.
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