Charges Anticipated Against Customer Services Representative

Oklahoma Insurance Department sent this bulletin at 04/11/2012 03:52 PM CDT

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For Immediate Release:                                                                For more information contact:

April 11, 2012                                                                                                                  Brant T. Cale

                                                                                                                                      (405) 522-4066

                                                                                                                           brant.cale@oid.ok.gov

Charges Anticipated Against Customer Services Representative

OKLAHOMA CITY – Oklahoma Insurance Commissioner John Doak announced today that the Anti-Fraud Unit of the Insurance Department is investigating the misappropriation of funds by a former employee of twelve years at the Oklahoma County branch of Farm Bureau.

 

The former employee is being investigated by the Insurance Department after a suspected loss of over $270,000 was discovered by an internal Farm Bureau auditing process. The Insurance Department was immediately notified when it was discovered that alleged office expenses were not substantiated by receipts.

 

Doak said that, with his office’s new approach to fraud investigation, he expects more of these instances to be discovered and prosecuted.

 

Designation of Customer Service Representative has been suspended by the Insurance Department and a Hearing on Revocation is set for April 23rd for the former employee’s license.

 

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