Miami Agent Gets 2-Year Prison Sentence for Issuing Fake Insurance Policies

August 4, 2016

A former insurance agent in Miami has been convicted and sentenced to prison on multiple felony charges, including creating fake insurance documents for his clients.

The Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced Mandy Rodriguez, 36, was convicted in July on multiple felonies, including insurance fraud, grand theft, and forgery following his attempt to create fake proof of insurance documents for his clients. He was sentenced to two years in state prison and ordered to pay more than $200,000 in restitution.

Rodriguez’s arrest resulted from a case worked by the Department’s Division of Insurance Agent and Agency Services and the DIFS, which revealed that Rodriguez defrauded at least four clients by stealing their insurance premium payments and issuing them fake insurance policy documents.

Citizens Property Insurance Corporation recognized the alleged deceitful behavior and referred the matter to DIFS, which launched an investigation. The investigation revealed that Rodriguez prepared and provided fake insurance quotes, certificates of insurance, insurance declaration pages, and invoices to four consumers who believed they had purchased legitimate commercial or homeowner’s insurance policies. Rodriguez instructed these consumers to make their insurance premium payments to his personal corporation, Risk Management Agency Group, Inc. or RMAG, rather than to Citizens directly.

Citizens and the owner of the insurance agency where Rodriguez was employed, Bentrust Insurance Group, LLC, both verified that the policies generated by Rodriquez were not legitimate. Furthermore, upon learning of Rodriguez’s misconduct, Bentrust’s owner fired Rodriguez, generated and paid for the appropriate insurance policies, which Citizens honored in good faith.

In addition to paying $200,000 in restitution, Rodriguez was sentenced to serve two years in state prison, followed by two years of probation. Rodriguez’s insurance agent’s license has been revoked and he is permanently barred from the insurance industry.

This case was successfully prosecuted by the Miami-Dade County State Attorney’s Office, 11th Judicial Circuit.

Source: Florida Department of Financial Services’ Division of Investigative and Forensic Services

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