A former claims adjuster for Progressive in Maryland has been sentenced for stealing more than $39,000 from the insurer, according to the state’s attorney general.
Chae Hyong Chu, has been sentenced on a single count of felony theft. Montgomery County Circuit Court Judge Nelson W. Rupp, Jr. imposed a five year suspended sentence, two years probation, and 50 hours of community service.
From May 2005 through September 2007, Chu, a licensed insurance agent working as a claims adjuster for Progressive, issued six checks from Progressive to himself or his wife and deposited the checks into his personal bank accounts. Over the two year period, Chu stole a total of $39,113 from Progressive. Chu has since made full restitution. He also admitted that he issued and endorsed all six checks and that his wife was unaware that any of the checks had been issued in her name.
The conviction follows a joint investigation by the Insurance Fraud Division of the Maryland Insurance Administration, the Maryland State Police and the Office of the Attorney General.
__
Source: Maryland Attorney General’s Office
Was this article valuable?
Here are more articles you may enjoy.
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
Judge Throws Out Bulk of Economic Claims Over Baltimore Bridge Tragedy 
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it 
County Approves New $2.3B Stadium Project for Tampa Bay Rays 
