The California Department of Insurance (CDI) announced that Ronald Allen Prasky, 31, owner and operator of Border Pacific Insurance Services, was sentenced in San Diego Superior Court today to seven years in state prison. The sentencing is the result of a guilty plea to five felony counts of insurance fraud and one count of income tax evasion. Insurance Commissioner Harry W. Low revoked the insurance license of Prasky, effective May 5, 2001, as a result of these and other charges.
Additionally, Border Pacific’s Office Manager, Jesus Antonio Lopez, 32, was sentenced to four years in state prison. The sentencing is the result of a guilty plea to five felony counts of insurance fraud and one count of offering a false instrument to be filed in a public office in the State of California.
Prasky’s wife, Mylena Munguia-Prasky, was sentenced to three years probation and ordered to perform 480 hours of community service. Restitution amounts for all defendants will be decided at a later court hearing.
The convictions stem from an investigation conducted by the CDI, Criminal Investigation Branch’s Investigations Bureau, which alleges that Prasky sold hundreds of fraudulent insurance policies to unsuspecting consumers, primarily in the Hispanic community, and never submitted the premiums to insurance carriers. Prasky’s alleged illegal activities left hundreds of victims without valid automobile liability coverage and exposed California drivers to uninsured motorists.


Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case


