West Michigan Insurance coverage Agent Charged with Scamming Shoppers

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A West Michigan man is dealing with a number of years in jail for scamming individuals out of cash. 

MI’s Lawyer Basic Dana Nessel together with the (newly-formed) Division of Insurance coverage and Monetary Companies (DIFS) labored collectively to deliver fees in opposition to 63-year-old Charles Booker Jr., an insurance coverage agent out of Muskegon.

Booker Jr. is being accused of embezzling greater than $17,000 from his shoppers between October 2014 and June 2016.  Within the case of 42 people, Booker made cash off their insurance coverage premiums and pocketed it for himself by selecting not 

…to remit the premiums to Farmers Insurance coverage.

Booker appeared within the Muskegon County Court docket and was arraigned on the next fees:

  • Three counts of embezzlement of $1,000 or extra however lower than $20,000. Faces as much as 5 years and/or $10K advantageous. 
  • One rely of insurance coverage fraud. Punishable by 4 years or $50k advantageous. 
  • Utilizing a pc to commit a criminal offense. Faces 7 years in jail or $5,000 advantageous. 

He is at the moment out on bond and will likely be again in court docket for a preliminary examination on February twenty fourth.

Each Nessel and the DIFS made statements that they’ll proceed to work collectively to deliver down con artists, similar to Booker, who “prey on Michigan shoppers.”

In keeping with the DIF’s web site, they had been created to make sure the monetary and insurance coverage industries are regulated and likewise examine any crimes which might be reported. In a 2020 annual report, simply over 8,000 complaints had been made to the Fraud Investigation Unit between September 2018 and June 2020. They discovered that when insurance coverage fraud is dedicated it would not solely have an effect on the sufferer however People as an entire.

Think about the next state of affairs: Each firm offering items or providers pays for insurance coverage as a price of doing enterprise. On account of insurance coverage fraud, the insurance coverage firm should increase charges charged to shoppers and companies. To cowl the elevated value of its insurance coverage, Michigan companies should cost shoppers extra for items and providers.

You possibly can file an nameless fraud criticism right here or name 877.999.6442.

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