Mike George Denno, 24, of Los Angeles, was arrested on seven felony counts of insurance fraud, following an investigation by the CDI Criminal Investigations Branch, which revealed Denno allegedly sold bogus insurance policies to unsuspecting consumers.
A licensed agent and owner of Beneficial Auto Insurance Services, Denno reportedly sold fraudulent insurance policies to consumers by collecting premiums and not forwarding them to an insurance company. He further allegedly issued fraudulent documents to the unsuspecting consumers. Denno’s supposed illegal activities left his victims unknowingly without valid automobile liability coverage and exposed California drivers to uninsured motorists.
CDI investigators said Denno allegedly targeted Latino consumers in the Los Angeles, Pomona, La Puente and West Covina areas.
Topics Agencies
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