The Michigan Office of Financial and Insurance Regulation (OFIR) recently announced that some Detroit-area drivers may have unknowingly purchased fraudulent automobile insurance policies from unlicensed insurance agent.
According to the OFIR, Shaker Uddin Sadeak, through an unlicensed insurance agency named Al Baraka Enterprise in Southfield, was selling bogus certificates purporting to have coverage through a legitimate insurance company.
A concerned Detroit-area driver who purchased insurance from Sadeak notified OFIR after discovering misspellings and other discrepancies on an insurance certificate.
OFIR ordered Sadeak and Al Baraka to cease and desist from conducting unlicensed and fraudulent insurance activity, and handed the results of its investigation over to law enforcement agencies.
A copy of OFIR’s cease and desist order can also be found on OFIR’s website.
Source: Michigan OFIR
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