Yesterday federal authorities arrested a southern California insurance broker on federal mail fraud charges for allegedly bilking some high-profile clients out of hundreds of thousands over the course of about 13 years.

Tom Hanks and Andy Summers, former guitarist for the rock band "The Police," are among the celebrity clients reportedly defrauded by 59-year-old Jerry B. Goldman.  

After being arrested without incident at his Thousand Oaks, Calif. residence, Goldman was arraigned on a 10-count indictment in U.S. District Court in Los Angeles. The formal indictment lists a total of four victims, including Hanks and Summers. It also asserts that Goldman may have used his Newbury Park insurance agency to obtain various insurance products for clients, some of whom were overbilled by as much as 600 percent.

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