California Charges 2 With 36 Counts Of Felony Insurance Fraud
Jacob Hasum Smith, 39, of Bonita, and Charity Lynn Moulder, 61, of Rural Retreat, Virginia, have been charged with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.
After receiving injuries as a result of an automobile collision, Moulder filed a claim with her insurance company under a long-term health care policy, requesting a paid caregiver to assist her during recovery. Moulder originally requested a family member be paid as her caregiver, which was denied. Moulder named another caregiver, Jacob Smith, her daughter’s then boyfriend, and the claim was approved.
Moulder and Smith submitted 38 separate documents reflecting Smith’s reported care of Moulder over a 16-month period of time. The pair claimed Smith cared for Moulder every day, seven days a week, sometimes up to 14 hours a day without a break in service and assisted with bathing, washing, physical assistance, feeding and cleanup along with other tasks.
A Department of Insurance investigation revealed that during this same time period, Smith worked and traveled throughout San Diego County and elsewhere in California and Nevada while he reported being with Moulder and providing for her needs, making it impossible for Smith to have cared for Moulder as the claims stated.
Moulder later admitted to detectives that Smith only cared for her part of the time she was collecting benefits but she continued to pay him. She also paid another relative who provided care despite being told by her insurance company that was against policy.
Moulder and Smith were arraigned Tuesday, August 3, 2021. Smith has an outstanding warrant for unrelated charges and is a fugitive at this time.
The San Diego County District Attorney’s Office is prosecuting this case.



Pandemic Forces Women To Step Back From Their Finances, Allianz Life Says
July Life Insurance Activity Drops After 2020 Spike, MIB Says
Advisor News
- When new investment trends emerge, Gen Z is most likely generation to be first in
- Could ‘plain English’ become an advisor’s secret weapon?
- IRI urges Senate action on 403(b) parity legislation
- Three estate planning ideas to protect your clients and their wealth
- What advisors must know about accessible client documents
More Advisor NewsAnnuity News
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
- Wink: Annuity sales post strong Q2, led by MYGAs and structured products
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity NewsHealth/Employee Benefits News
Life Insurance News