Last month, John Blanton Breland of Lodi surrendered to an investigator with the San Joaquin District Attorney’s Office. The 52-year-old insurance agent was charged with 11 felony counts consisting of theft from elder or dependent, grand theft, sales of unqualified securities, and false statements to sell securities.
According to investigators, in an attempt to recover from financial problems due to large gambling losses in casinos in Nevada and California, Breland would urge victims to either make an investment or purchase an annuity. He would then redirect a portion or all of the money for personal use. The San Joaquin Country Superior Court petition alleges that Breland embezzled nearly $300,000.
As a result of his allegedly fraudulent activities, the total loss to consumers is roughly $275,000.
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
Kin Moves Into Florida and Texas With Home-Auto Bundle Products 
Grandson Not Covered Under Grandma’s Home Insurance From This Issue
