Ohio Department of Insurance Director Lee Covington announced that the Department’s Enforcement Division recently completed an investigation that led to the indictment of former insurance agent Larry C. Braun, Franklin County. Braun, who surrendered his Ohio license to sell insurance in 1998, was indicted on one count of theft and four counts of forgery on Dec. 20, 2000.
Braun has been accused of forging and cashing consumer checks owed to Ward Insurance Agency, Meridian Insurance Company and Westfield Insurance Company, and keeping the money for his personal use. According to enforcement officials at the Department of Insurance, Braun is accused of stealing approximately $20,000.
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