Phony Policies Don’t Pay

Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested Ronald Prasky, owner of San Ysidro-based Border Pacific Insurance Services, for selling bogus insurance policies. The 30-year-old insurance agent was booked into San Diego County Jail and bail was set at $400,000. His wife, Mylena Munguia Prasky, 38, was also arrested along with Antonio Lopez, 32, who served as manager of the agency. All of the defendants were charged with multiple felony counts, including conspiracy, insurance fraud and grand theft.

Prasky allegedly sold hundreds of phony policies to unsuspecting consumers, primarily in the Hispanic community. Investigators believe that when consumers went to Prasky to purchase auto insurance, he collected their premiums and then issued bogus proof of insurance identification cards. Since he never submitted the premiums to the carriers, consumers who paid for the coverage were not insured. Upon receiving complaints from policyholders, CDI investigators served a search warrant Dec. 21 at Border Pacific Insurance Services. The San Diego District Attorney’s Office is now prosecuting the case.