Arshak (Mike) Rostomyan, 27, of Glendale, Calif., was arrested for allegedly selling fraudulent insurance policies and charged with three counts of grand theft.
According to CDI investigators, Rostomyan, who owns All Century Insurance Agency in Los Angeles, sold false insurance policies to consumers and collected premiums, but never submitted the money to any insurance companies. Rostomyan’s activities left many victims without liability coverage and uninsured losses after having accidents.
Rostomyan allegedly targeted Latino and American consumers in the Los Angeles and Glendale areas. CDI Investigators suspect there are more victims in the case.
Was this article valuable?
Here are more articles you may enjoy.
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Brown & Brown Wins Temporary Injunction Against Howden 
Can Trump’s New FEMA Pick Save the Beleaguered Disaster Agency? From This Issue
