Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Investigations Bureau arrested Scott D. Veitch, 35, vice president of Golf Marketing World Wide LLC.
Veitch, who is not licensed to conduct insurance business in the State of California, is accused of selling a fraudulent $100,000 insurance annuity policy. As a result of Veitch’s reported actions, victim losses to date total $34,750.
Veitch was booked into the Los Angeles County Jail on one count of grand theft and bail was set at $20,000.
Topics California Agencies Fraud
Was this article valuable?
Here are more articles you may enjoy.
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: High Court 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak 
Tropical Storm Watches Posted Across Florida’s Panhandle Region 
