A Los Angeles insurance broker has been charged with four felony counts of grand theft for allegedly stealing an estimated $14,000 in premiums from his clients, according to investigators with the CDI.
Jung Wo Kim, 37, who operated JK insurance Services in Los Angeles, surrendered to the Los Angeles Police Department. He is suspected of reportedly defrauding the clients between June 2001 and Jan. 2003.
Bail was set at $80,000, and Kim could face up to four years in prison and be ordered to pay restitution.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
Seven Charged in $100 Million Workers’ Comp Fraud in Florida From This Issue
