Unlicensed Agent in California Nabbed for Allegedly Stealing $500K in Premiums

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"Unlicensed insurance agent Ai Ling Lee, also known as Linda Lee, 60, of Hacienda Heights, Calif., was arrested on nine felony counts of grand theft after allegedly stealing roughly $500,000 in clients’ insurance premium payments and failing to place adequate coverage for her clients’ small businesses.

An investigation by the California Department of Insurance found Lee, as owner/operator of Jubilee Insurance Services, allegedly acted as an insurance agent to steal half a million dollars in premium payments even though she was not properly licensed by the department." More From Insurance Journal

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