Former Miami Insurance Agent Sentenced to Prison for Generating Fake Insurance Policies
Contact: Ashley Carr
MIAMI, Fla. – The Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) today announced the recent conviction of Mandy Rodriguez, 36, on multiple felony charges including insurance fraud, grand theft, and forgery following his attempt to create fake proof of insurance documents for his clients. He was sentenced to two years in state prison and ordered to pay more than $200,000 in restitution.
Rodriguez’s arrest resulted from a case worked by the Department’s Division of Insurance Agent and Agency Services and the Division of Investigative and Forensic Services, which revealed that Rodriguez, an insurance agent, defrauded at least four clients by stealing their insurance premium payments and issuing them fake insurance policy documents.
Citizens Property Insurance Corporation (Citizens) recognized the alleged deceitful behavior and referred the matter to DIFS, which launched an investigation. The investigation revealed that Rodriguez prepared and provided fake insurance quotes, certificates of insurance, insurance declaration pages, and invoices to four consumers who believed they had purchased legitimate commercial or homeowner’s insurance policies. Rodriguez instructed these consumers to make their insurance premium payments to his personal corporation, Risk Management Agency Group, Inc. or RMAG, rather than to Citizens directly.
Citizens and the owner of the insurance agency where Rodriguez was employed, Bentrust Insurance Group, LLC, both verified that the policies generated by Rodriquez were not legitimate. Furthermore, upon learning of Rodriguez’s misconduct, Bentrust’s owner fired Rodriguez, generated and paid for the appropriate insurance policies, which Citizens honored in good faith.
In addition to paying $200,000 in restitution, Rodriguez was sentenced to serve two years in state prison, followed by two years of probation. Rodriguez’s insurance agent’s license has been revoked and he is permanently barred from the insurance industry.
This case was successfully prosecuted by the Miami-Dade County State Attorney’s Office, 11th Judicial Circuit.
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Effective July 1, 2016, the Department’s Division of Insurance Fraud became the newly-established Division of Investigative and Forensic Services. This new division combines the Department’s Division of Insurance Fraud, Bureau of Fire and Arson Investigations, and the Office of Fiscal Integrity into one high-specialized law enforcement unit focused on fighting financial fraud, waste and abuse in the State of Florida. Follow the Department’s activities on Facebook (FLDFS) and on Twitter (@FLDFS).