California Department of Insurance detectives on Thursday arrested insurance agent Gelinda Phann Keo, 43, on one felony count of grand theft after she allegedly pocketed a client’s insurance payment.
The CDI found Keo, doing business as Global Cargo Insurance Agency, collected $5,500 in premium payment for a cargo policy for a client’s business that included international bonds.
The client was notified customs could not verify the bonds, which caused delays in shipments.
![](https://www.insurancejournal.com/app/uploads/2020/01/Phann_Keo_Gelinda-238x300.jpg)
The insurance policy Keo secured had been cancelled due to non-payment of premium, reportedly leaving the business without insurance coverage for months. The client paid an additional $5,500 to the insurance company in order to obtain a valid insurance policy.
An Administrative Action by the Department against Keo’s license is pending. Keo was booked at Century Regional Detention Facility and bail is set at $70,000.
The case is being prosecuted by the Los Angeles County District Attorney’s Office.
Topics California Agencies
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