Reseda Broker Pleads Guilty to Forgery

May 26, 2005

The California Department of Insurance Investigations Division announced that insurance broker Sajjad Hussain Shaikh, also known as Adam Shaikh, of Reseda, California has pled guilty to one count of forgery. Shaikh was sentenced to three years of Summary Probation and ordered to pay a $1410 fine on May 24, 2005. Shaikh conducted business as Outstanding Services Insurance Agency, and previously used the name Year 2000 Insurance Services for insurance sales.

According to investigators, on March 24, 2004, the Department of Insurance received a complaint from United States Liability Insurance Group, alleging that someone had forged a United States Liability Insurance Company Errors and Omissions Declarations page. The forged declarations page listed Year 2000 Insurance Services as the insured.

Had Shaikh’s clients submitted claims from flawed policies, they would have little recourse to have their policies enforced. As a result of this investigation, it was determined that Shaikh had forged four United States Liability Insurance Company Errors and Omissions declarations pages for his own insurance business. The forged declarations pages covered the period from 4/25/99 through 4/25/03. Shaikh submitted these forged declarations pages to Western United Insurance Company, Infinity Select Insurance Company, Arrowhead General Insurance Agency, Inc., Carnegie General Insurance Agency, Inc., and Robert Moreno Insurance Services, in order to obtain brokerage agreements to do business with these companies.

Topics USA Agencies

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Latest Comments

  • May 27, 2005 at 2:11 am
    Martin says:
    People should not tarnish the middle east for one fraud person, all god massengers came from the middle east. you just ready to attack the middle eastfor any false reasons
  • May 27, 2005 at 12:23 pm
    Aaron says:
    I don't think that your ethnic background determines your business ethics. This just boils down to stupid people doing stupid things and thinking somehow, nobody will notice. ... read more
  • May 27, 2005 at 11:52 am
    Ron says:
    I am glad there are whistleblowers at the companies whom are reporting these fradulent crimes. In california we have a large amount of Insurance Agents/BRokers from the middl... read more

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