State: Spring Lake couple stole $1.8M through insurance brokerage [Asbury Park Press, N.J.]
|By David P. Willis, Asbury Park Press, N.J.|
|McClatchy-Tribune Information Services|
The insurance policies sold by Arden protected corporate officers from being sued for negligence in the performance of their duties, for employee discrimination and for committing professional malpractice in their profession.
The couple stole nearly
An investigation by the
"This indictment sends a strong message to insurance brokers that the theft of insurance premiums by brokers will not be tolerated in
They each were charged Monday with conspiracy, insurance fraud, theft by failure to make required disposition of property received, and misapplication of entrusted property, use, control or operation of a corporation for furtherance or promotion of a criminal object, as well as misapplication of entrusted property, failure to file an income tax return and failure to pay taxes.
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