Central Coast Insurance Agent Sentenced for Embezzling Employer
- July 09, 2018
SANTA BARBARA, CA -- Zachary Dale Jackson, 31, former insurance agent of Santa Maria, was sentenced to three years of formal probation, time served, and ordered to pay restitution totaling $4,388.92 after pleading guilty to one felony count of insurance fraud for embezzling from his employer.
After receiving a complaint from the insurance company, CDI investigators found that while working as an agent for the company, Jackson falsified insurance documents related to his own personal insurance claim. He also embezzled funds from the insurance company by writing multiple checks, totaling $4,388.92, to himself from the company's account.
"I have zero tolerance for agents who violate the principles of their license and rip off insurers or consumers for their own financial gain," said Insurance Commissioner Dave Jones. "Dishonest agents reflect poorly on the more than 350,000 licensed agents and brokers, most of whom do their best to be honest and professional in their business practices in California."
The department's investigation led to Jackson's arrest in November 2017. Jackson's agent license is revoked and he is barred from transacting the business of insurance. The case was prosecuted by the Santa Barbara County District Attorney's Office.