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Former Agent Arrested for Allegedly Stealing More than $180,000 from a Local Insurance Agency

7/29/2003

CONTACT: Nina Banister or Justin Glover
(850) 413-2842

FT. LAUDERDALE – A man banned from the insurance industry has been charged with organized fraud and grand theft, according to investigators with the state's Division of Insurance Fraud.

Anthony Michael Pascale, 32, 2723 Arthur Street, Hollywood, was arrested early today. Investigators allege that from May 2002 through April 2003, Pascale misappropriated more than 1,200 premium checks paid to his father's insurance agency, Auto Insurance America, in Ft. Lauderdale. During that time, the insurance checks were allegedly deposited into a personal account, totaling more than $180,000. Pascale's father, John Pascale, is cooperating with investigators.

Pascale was employed at Auto Insurance American despite having been banned from the insurance industry in 2000. The action followed an arrest and conviction for stealing premiums. In January of 2000, Pascale was sentenced to three years probation and ordered to pay restitution.

If convicted on today's charges, Pascale faces up to 60 years in prison. He was booked into the Broward County jail this morning, where he will remain pending posting of bond.

The Department of Financial Services, Division of Insurance Fraud, investigates fraud in all types of insurance, including health, life, auto, property and workers' compensation. To report information about this case or any other possible insurance fraud case, call the department's fraud hotline at 1-800-378-0445. A reward of up to $25,000 is offered for information leading to a conviction.