California Department of Insurance detectives in early January arrested insurance agent Gelinda Phann Keo, 43, on one felony count of grand theft after she allegedly pocketed a client’s insurance payment.
The CDI found Keo, doing business as Global Cargo Insurance Agency, collected $5,500 in premium payment for a cargo policy for a client’s business that included international bonds.
The client was notified customs could not verify the bonds, which caused delays in shipments.
The insurance policy Keo secured had been cancelled due to non-payment of premium, reportedly leaving the business without insurance coverage for months. The client paid an additional $5,500 to the insurance company in order to obtain a valid insurance policy.
A CDI administrative action against Keo’s license is pending. The case is being prosecuted by the L.A. County District Attorney’s Office.
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