Louisiana Attorney General Charles C. Foti, Jr., announced that Phyllis Malveaux Breaux of Lafayette, a former licensed insurance agent, pled guilty on June 27 to felony theft over $500.00.
According to the AG’s office, Breaux sold insurance to customers and then kept the premium payments, rather than forwarding them to insurance companies. Breaux was placed on one-year active supervised probation and ordered to pay restitution in the amount of $2,128.54. She is permanently banned from the insurance business, having been ordered not to apply or reapply for an insurance license in Louisiana or any other jurisdiction.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes From This Issue
