A New Orleans area former bail bond was arrested and issued a cease and desist order for allegedly conducting business without a license and theft of premium, according to the Louisiana Department of Insurance.
Louisiana State Police arrested Adam Z. Barnett, age 48, and booked him into the Orleans Parish Jail on five fugitive warrants, two counts of felony theft and one felony count of acting as a bail bondsman without a license. He was served by Department of Insurance Fraud Section investigators with a C&D order directing him to stop engaging in the business of insurance.
Barnett is alleged to have misrepresented himself as a licensed bail bond agent through Barnett Bonding Service, where he accepted money as premium for bonds that he failed to obtain and file on behalf of the clients, keeping the monies for his own personal use.
Department records show that Barnett held a bail bonds license from June 1981 until January 1999.
Source: Louisiana Department of Insurance, www.ldi.state.la.us
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