Juan Carlos Martinez, 56, of Yorba Linda, California, has been charged with 12 counts of grand theft, 34 felony counts of forgery, 34 counts of insurance fraud, and one count of money laundering, after allegedly collecting premium payments from customers and forging bogus insurance documents he then provided to his victims as proof of insurance.
Martinez, a former licensed insurance broker, doing business as Leeds Insurance Services Inc., allegedly embezzled more than $27,000 from customers and diverted the funds to a personal investment account where he withdrew the funds as cash, according to the California Department of Insurance.
Martinez was arrested by the Buena Park Police Department at a booth in the Knott’s Christmas Crafts Village, and was booked into Orange County Jail with bail set at $25,000.
The case was investigated by the CDI and is being prosecuted by the Orange County District Attorney’s Office. Martinez’ insurance license expired in September 2016 for failure to renew.
Martinez is scheduled to be arraigned in March 2022.
Topics California Fraud Agencies
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