LOS ANGELES, Calif. – Steven Tinto, 50, of Simi Valley, was arraigned Monday on two felony charges of insurance fraud and grand theft. Tinto allegedly pocketed a client’s premium payment instead of forwarding the payment to the insurer and compounded his crime by issuing a bogus insurance certificate.
“This case serves as a reminder that fraud is a costly crime for insurers and consumers,” said Insurance Commissioner Dave Jones.”Tinto’s alleged theft left the policyholder at great financial risk and their workers in danger because Tinto did not forward the premium to the insurance company, leaving the consumer without coverage.”


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