Posted On: May 5, 2005, 7:05 pm CDT

Posted By: anonymous

I worked for the FBI many years ago in their forensic accounting division. After that I went to work in the insurance industry for a quieter and less stressful life. I have worked for 3 mid-size agents in the past 15 years that would certainly be prosecuted if ever investigated. I have not met one "HONEST" insurance agent that handles fiduciary funds according to the state laws. Now, I'm not saying you're bad people but you must admit that if the FBI starts to probe where they've never probed before, they will certainly have a field day. Most FBI investigations on insurance agents are due to the details that very unhappy ex-employees offer. So don't be so naive as to thinking that the FBI doesn't understand insurance accounting. I for one can find fraud in a matter of 10 minutes on an agents P&L & Balance Sheet. The next few years will be about this industry and after that they'll pick another industry. Years ago the public accounting industry had its "BIG 8" now its called the "Final 4". So,Lead an honest as possible life as you can and you'll be able to sleep well every night.