Teresa Marie Davis, of Pomona, California, has been charged by California authorities with identity theft and grand theft in an alleged bogus life insurance scam that netted her over $67,000 in illegal commissions.
Ms. Davis, a former licensed agent, allegedly used the names of several businesses to establish employee payroll acknowledgements, which signified to the insurer that the businesses' employees were eligible to apply for insurance policies. She also used fictitious business names and addresses to establish some of the payroll acknowledgements, according to the government.
As alleged, using the fictitious information, Ms. Davis submitted 393 insurance applications between March and October 2011 using fictitious consumer information and addresses. Ms. Davis also allegedly used four peoples' identities to apply for insurance policies and added fictitious addresses in order to conceal her crime.
Some of the people whose identities Ms. Davis used to submit fraudulent applications told investigators they did receive letters from an insurer about a policy but that they disregarded it because they thought it was an error, according to the charges.
Ms. Davis received a total of $67,534.23 in commissions by submitting fraudulent insurance applications, the authorities asserted.
Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].