main menu page title feature menus content footer
My Florida C F O

CFO's Initiatives

Stay Connected

Follow the
Department of
Financial Services

Sign up for the CFO's
weekly newsletter!

Press Release

News   RSS RSS   Press Office   Archive

South Florida Insurance Agent Arrested for Stealing Nearly $150,000 from Client

9/2/2015

Contact: Ashley Carr
(850) 413 – 2842

TALLAHASSEE, Fla. – The Florida Division of Insurance Fraud today announced the arrest of Shane Kelley, 31, of Lantana on grand theft charges after he allegedly stole $145,000 from a client’s annuity account while working as an insurance agent for Metropolitan (MetLife) Insurance Company.

In the spring of 2014, a MetLife client accused Kelley of stealing from his trust annuity account, and Kelley was fired after failing to cooperate during an internal investigation of the matter. MetLife then contacted the Department’s Division of Insurance Fraud and an investigation uncovered multiple cashed checks as well as checks written from the client’s account that were not authorized by the client. Records indicated that Kelley used the funds for personal use and purchased multiple cars on the client’s dime.

Kelley was arrested and booked into the Martin County Jail where he faces a first degree felony grand theft charge. The case will be prosecuted by the office of Palm Beach State Attorney Dave Aronberg. 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 Kelley’s insurance license.

###

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).