Unlicensed insurance agent from Costa Mesa sentenced to four years for fraud – Orange County Register

A former Costa Mesa resident has been sentenced to four years in prison and ordered to pay more than $1.4 million after defrauding three victims, California Department of Insurance officials announced Tuesday.

Karyl Lynn Reed, 58 years old, was arrested last October in Texas and was extradited to stand trial in Santa Ana after prosecutors charged her with multiple counts of grand theft, embezzlement and forgery. Reed was sentenced last week.

Reed runs two companies, Envoy Business Partners and Allenn Specialty Group, where she provides victims with Certificates of Fraud Insurance, even if she doesn’t have a license, making her victims believe they have insurance. valid insurance.

A CDI investigation found that Reed also operated a staffing firm without valid workers’ compensation insurance, collecting workers’ compensation premiums and employer and employee taxes from victims.

An uninsured worker’s compensation victim for an employee injured on the job. Another victim noticed that the policy number Reed had provided belonged to another business, according to a news release.

The case was prosecuted by the Orange County District Attorney’s Main Fraud Unit.

https://www.ocregister.com/2022/02/08/unlicensed-insurance-agent-from-costa-mesa-sentenced-to-four-years-for-fraud/ Unlicensed insurance agent from Costa Mesa sentenced to four years for fraud – Orange County Register

Huynh Nguyen

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