View this article online: https://www.insurancejournal.com/news/west/2001/01/29/15166.htm
Investigators with the California Department of Insurance Criminal Investigations Branch arrested Ronald Prasky, the owner of San Ysidro-based Border Pacific Insurance Services, for selling bogus insurance policies.
The 30-year-old insurance agent was booked into San Diego County Jail and bail was set at $400,000. His wife, Mylena Munguia Prasky, 38, was also arrested along with Antonio Lopez, 32, who served as manager of the insurance agency. All of the defendants were charged with multiple felony counts, including conspiracy, insurance fraud and grand theft.
Prasky allegedly sold hundreds of phony insurance policies to unsuspecting consumers, primarily in the Hispanic community. Investigators believe that when consumers went to Prasky to purchase auto insurance, he collected their premiums and then issued bogus proof of insurance identification cards.
Since he never submitted the premiums to the insurance companies, consumers who had paid for the coverage were not insured. Upon receiving complaints from policyholders, CDI investigators acted quickly, serving a search warrant Dec. 21 at Border Pacific Insurance Services. The San Diego District Attorney’s Office is now prosecuting the case.