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Miami Insurance Agent Arrested for Stealing More Than $80,000 From Clients

7/22/2015

Contact: Ashley Carr
(850) 413-2842
 
MIAMI, Fla. - The Florida Department of Financial Services’ Division of Insurance Fraud today announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a licensed insurance agent, stole more than $80,000 in premium funds from four of his clients. In an effort to conceal that he was pocketing the money intended to pay the premiums on policies his clients thought were valid, Rodriguez created fake proof of insurance documents and gave them to his clients.
 
Rodriguez’ clients believed they were paying for legitimate commercial or homeowners’ insurance policies from Citizens Property Insurance Company, but Citizens verified that none of the policies ever existed. Rodriguez instructed his clients to write their premium checks to his company, Risk Management Agency Group, rather than to Citizens directly. Bank records show that the victims’ checks were deposited into his company’s account for personal use.
 
Detectives obtained a statement from Rodriguez acknowledging the creation of the fraudulent insurance documents as well as the deposit of the insurance premium money into his personal company’s bank account.  Once able to verify that the consumers had been duped, Citizens and Rodriguez’s employer, Bentrust Insurance Group, worked together to secure proper insurance coverage that was paid up-to-date.
 
Mandy Rodriguez was booked into Turner Guilford Knight Correctional Center and is being charged with 1 count of Unlawfully Diverting Insurance Funds, 1 count of Scheme to Defraud, 5 counts of Insurance Fraud, 29 counts of Grand Theft, 5 counts of Forgery, and 5 counts of Uttering a Forged Instrument. The case is being prosecuted by the office of Miami-Dade County State Attorney Katherine Fernandez Rundle. The Department’s Division of Agent and Agency Services, which licenses insurance agents in Florida, also coordinated in the investigation and aims to take administrative action against Rodriguez’s insurance license.
 
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Chief Financial Officer Jeff Atwater, a statewide elected official, oversees the Department of Financial Services. CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).