BOGUS OPERATOR SHUT DOWN:

An Alexandria, La. man was served with a cease and desist order by Louisiana Department of Insurance Fraud Unit investigators. The order prohibits him from conducting any kind of insurance business in Louisiana. It states that beginning in July 2003, Dereius Djuan Davis, 22, of 4607 Green St., Alexandria, acted as a producer (agent) by selling, soliciting or negotiating insurance for nine different people. He allegedly collected money from each, claiming that he was a legal agent who could obtain insurance for them. However, he misappropriated or otherwise mishandled the money collected, according to investigators. Insurance Com-missioner J. Robert Wooley said “Davis allegedly obtained personal and financial information from people by passing himself off as a legal insurance salesman when he had never been licensed to sell insurance.” Wooley added that Davis’ “victims learned a hard lesson” by not investigating whether or not Davis was licensed to sell insurance. LDI fraud investigators served Davis in the Rapides Parish jail, where he is incarcerated on unrelated charges. The State Police Fraud Unit had arrested him earlier on charges related to his alleged fraudulent insurance selling activities.

Topics Fraud