Louisiana Attorney General Charles C. Foti, Jr., announced that Phyllis Malveaux Breaux of Lafayette, a former licensed insurance agent, pled guilty on June 27 to felony theft over $500.00.
According to the AG’s office, Breaux sold insurance to customers and then kept the premium payments, rather than forwarding them to insurance companies. Breaux was placed on one-year active supervised probation and ordered to pay restitution in the amount of $2,128.54. She is permanently banned from the insurance business, having been ordered not to apply or reapply for an insurance license in Louisiana or any other jurisdiction.
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