LOS ANGELES, Calif. – Isidro Santillan, 54, was sentenced to three years in state prison and agreed to pay more than $133,000 in restitution to multiple victims. For more than two years Santillan embezzled over $100,000 from clients, pocketed premium money and created phony documents leaving his clients at great financial risk.

“By failing to forward insurance premiums, Santillan placed his customers in great financial jeopardy,” said Insurance Commissioner Dave Jones. “However he could not escape the law. We will continue our fight against insurance fraud and work with our law enforcement partners to bring justice to California consumers.”

Santillan was arrested in August 2014 after an investigation by the California Department of Insurance confirmed Santillan’s fraud. The department began its investigation after receiving multiple complaints regarding Santillan’s business practices involving the sale of various insurance products and bonds.

 

To read this article in its entirety visit California Department of Insurance

 

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