New York State Insurance Department Superintendent Gregory Serio announced the arrest of Ross Anderson, 47, a former insurance broker, on charges that he falsified business records by selling fraudulent insurance, leaving a customer without proper coverage.
An investigation by the NYSID’s Frauds Bureau, the State Insurance Fund and the Nassau County District Attorney’s office, reportedly revealed that “Mr. Anderson created and sold a fraudulent Certificate of Liability, which listed a fictitious Workers’ Compensation Policy to an unsuspecting subcontractor, thereby intending to steal $600,” said the bulletin.
The NYSID urged “any New Yorkers who may have questions or concerns about their dealings with Mr. Anderson to call the Insurance Department’s Consumer Hotline at 1-800-342-3736.”
Anderson, who is no longer a licensed insurance broker, was arrested last week and faces up to four years in prison if convicted.
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
Progressive Gains as Drivers Shop Around for Auto Insurance—Again 
Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022 
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says 
